Crypto Blog
Hester Peirce, a Commissioner at the U.S. Securities and Exchange Commission , has outlined a vision for the agency’s crypto regulatory strategy under President-elect Donald Trump.
“Step one is to stop this approach of trying to prevent crypto from getting access to the services that it needs — custody, for example — to move forward.” The official also highlighted the need for regulators and crypto companies to work together to determine how current rules apply to the industry and where changes might be needed. Peirce said this should be done openly so everyone can be involved and added that she believes good progress could be made quickly.The Commissioner’s remarks follow a renewed spotlight on “Operation Chokepoint 2.0.
to investigate Operation Chokepoint 2.0, which he described as targeting the sector through politicized debanking.that financial institutions should not close customer accounts without valid, substantial reasons, labeling such actions a misuse of government power.
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