SEC’s Peirce Advocates For Case-By-Case Review Of Crypto Enforcement Actions To Foster Clarity

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Bitcoinist 11h ago

SEC’s Peirce Advocates For Case-By-Case Review Of Crypto Enforcement Actions To Foster Clarity - Bitcoinist

Quick Summary:

US Securities and Exchange Commissioner (SEC) Hester Peirce has recently emphasized the need for a shift in the regulatory approach towards crypto, signaling a departure from the aggressive enforcement strategies of the past years.

The commission had previously sued Binance and its co-founder, Changpeng “CZ” Zhao, in 2023, alleging that the platform mishandled customer funds and violated securities laws.

Peirce had previously acknowledged the “legal imprecision and commercial impracticality” that has characterized the SEC’s approach since it first applied the Howey test to cryptocurrencies in 2017.