Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13285
Markets: 101930
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
America's Social Casino

Market Cap
24h Vol
13285
Cryptocurrencies
62.14%
Bitcoin Share
BTC Pulse 2025-05-10 20:47:00

SEC’s Hester Peirce Calls for Crypto Sandbox, But Wormhole’s Legal Chief Pushes Back

SEC’s Hester Peirce Calls for Crypto Sandbox, But Wormhole’s Legal Chief Pushes Back

SEC’s Peirce Renews Call for Crypto Sandbox SEC Commissioner Hester M. Peirce has renewed her call for a regulatory sandbox for the crypto industry. One of the most pro-innovation voices at the commission, Peirce has long argued for lighter frameworks to allow blockchain startups to build products without immediate regulatory fallout. Amid growing interest in tokenized securities and decentralized infrastructure, Peirce suggested a sandbox could help provide a bridge between innovation and compliance. Wormhole’s Cathy Yoon: Sandboxes Present Severe Risks Cathy Yoon, General Counsel at Wormhole Foundation, greeted Peirce’s remarks with qualified agreement. While she recognized the necessity to eliminate regulatory obstacles for new crypto projects, she rang alarm bells on the sandbox concept. “The infrastructure that would be needed to support tokenized securities is still relatively underdeveloped and expensive to put in place,” said Yoon, echoing Peirce’s call for some exemptions to be useful. But she scoffed at the idea of a regulatory sandbox as the right vehicle. Biased Enforcement a Core Concern Yoon warned that regulatory sandboxes, while valuable in theory, could turn into arbitrary decision-making and regulatory bias. “A sandbox is only as good as the flexibility and support a regulator offers,” she said. “There is also a danger that regulators will be too nice to sandbox participants, leading to biased supervision or even weaker enforcement further down the road.” These are reflective of broader industry skepticism on whether regulators can run sandboxes without undermining fair competition or creating confusion on compliance expectations. An Alternative: Temporary Exemptions Rather than pursuing Peirce’s sandbox concept, Yoon suggested an alternative—temporary regulatory exemptions. These would allow companies to operate in live environments within a predetermined timeframe, while still being subject to broader SEC supervision. She argued this structure would foster innovation without compromising regulatory integrity. The Way Forward As the SEC continues to rebalance its strategy towards digital assets, voices like Peirce’s and Yoon’s call out the balance between innovation and oversight. Whether through sandboxes or exemptions from frameworks, the future of crypto regulation could depend on how these recommendations are translated into actionable policy.

Most Read News

Moralis Money
Market Cap
24h Vol
62.14%
Bitcoin Share
34
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.