Hester Pierce Declares SEC Has No Jurisdiction Over Meme Coins
2025-07-15 04:21:39
Main Idea
SEC Commissioner Hester Pierce asserts that the SEC lacks full jurisdiction over certain crypto matters and advocates for regulatory freedom to foster innovation, while the appointment of Brian Quintez as CFTC Chair is seen as a positive step for crypto regulation.
Key Points
1. Hester Pierce, an SEC commissioner, stated that the SEC does not have full jurisdiction over all crypto-related matters.
2. Pierce emphasized the need for regulatory freedom to allow innovation in the crypto industry.
3. Brian Quintez was appointed as the new CFTC Chair, a move viewed favorably for crypto regulation due to his background at a16z.
4. Crypto lawyer Jeremy Hogan believes Quintez's role as CFTC Chair could be more impactful for the crypto space than the SEC's leadership.
Description
Hester Pierce, a commissioner at the US SEC has stated that the regulatory body does not have full jurisdiction to oversight meme coins.
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