‘Crypto Mom’ Tells Industry: SEC Acting Now, Not Waiting On Congress

Description

Crypto firms may get fresh guidance from the Securities and Exchange Commission even if Congress takes its time, Republican Commissioner Hester Peirce told Bloomberg. Peirce, also known as “Crypto Mom”, said agency staff have been working on guidance since January and that the SEC plans to use its existing authority to clarify how securities laws apply to tokens and on-chain trading. That means rules could shift from internal memos or staff letters rather than new federal statutes alone. Project...