Odaily News Hester Peirce, commissioner of the U.S. Securities and Exchange Commission (SEC), said in an interview with Fortune magazine that although she did not support previous enforcement actions, this did not mean that the SEC would terminate enforcement under appropriate circumstances, and that appointments in the crypto industry should not think they had a "free pass," otherwise they would label fraud as "cryptocurrency." She also said that the SEC will continue to pursue securities violations in general.
Hester Peirce also said the SEC will move forward with building its own regulatory framework, but refused to provide a timeline, but she said "parts" of the plan will be completed this year, such as designing a taxonomy for crypto securities. (Fortune)