Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 11975
Markets: 92589
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
11975
Cryptocurrencies
54.28%
Bitcoin Share
coinpedia 2024-12-10 06:18:35

SEC’s Hester Peirce Pushes for Crypto Clarity Amid “Operation Chokepoint 2.0” Concerns

SEC’s Hester Peirce Pushes for Crypto Clarity Amid “Operation Chokepoint 2.0” Concerns

The post SEC’s Hester Peirce Pushes for Crypto Clarity Amid “Operation Chokepoint 2.0” Concerns appeared first on Coinpedia Fintech News In a recent interview with Fox Business, SEC Commissioner Hester Peirce, often referred to as “Crypto Mom,” highlighted the need for regulatory clarity in the cryptocurrency industry. Eleanor Terret posted on X that she addressed concerns around “Operation Chokepoint 2.0,” a term used to describe the ongoing regulatory crackdowns, and laid out a vision for how the SEC could better support the existing crypto space under potential new leadership during Donald Trump’s presidency. NEW: @SECGov Commissioner @HesterPeirce just alluded to “Operation Chokepoint 2.0” in her interview with @LizClaman on @FoxBusiness and also outlined the 3 things she thinks need to be done under @realDonaldTrump ’s new SEC to help give the #crypto industry some clarity. 1.… — Eleanor Terrett (@EleanorTerrett) December 9, 2024 Stressing fair rules, Peirce argued that the SEC needs to rethink its approach to cryptocurrencies to help the industry grow. She wants to remove unnecessary barriers, like restrictions on crypto services, so businesses can innovate without being held back. She also stressed the need to clearly define which digital assets are considered securities and what falls under SEC regulations. This would give businesses and investors more certainty. Plus, Peirce believes regulators should work closely with the crypto industry, gathering public input to make the rules fairer and more practical. Crypto Reaction While Hester Peirce’s suggestions to clarify SEC regulations have gained some support, there is still skepticism. Critics, like David Barrera, CEO of Enumma fear that her approach could result in more cryptocurrencies being classified as securities, which the crypto community opposes. The key concern is finding a balance between necessary regulation and allowing the industry to continue growing without too much restriction. David Sacks, AI, and Crypto Czar also believe Operation Chokepoint 2.0 will unfairly target crypto businesses. He points to Silvergate Bank, which collapsed despite being financially stable, blaming regulators for making it harder for the bank to work with crypto companies. Sacks wants an investigation into these actions, saying they hurt innovation in the crypto world. As the new Crypto Czar, he’s pushing for fair rules to help the industry grow without unnecessary restrictions. On the Flip Side Concerning the ongoing crypto fear, Coinbase recently revealed documents showing that the FDIC told banks to stop providing services to crypto businesses in 2022. These documents were obtained through a public records request. Coinbase’s Chief Legal Officer, Paul Grewal, pointed out that this proves there was a coordinated effort to limit access to banking for the crypto industry. This is a much debatable topic as any rules created in the heat of the moment may have long-term implications on the entire crypto space which is waiting for clear and unfair rules.

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
54.28%
Bitcoin Share
659
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.