Cryptocurrency

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/hester-peirce-advocates-for-clear-cryptocurrency-regulations-and-collaboration/" data-wpel-link="internal">Hester Peirce Advocates for Clear Cryptocurrency Regulations and Collaboration</a><br></p>
<p style="text-align: justify">Hester Peirce, a Commissioner of the U.S. Securities and Exchange Commission (<a href="https://en.coin-turk.com/experts-discuss-the-future-roles-of-meme-coins-defi-and-ai-tokens/" data-wpel-link="internal">SEC</a>), outlined her vision for <a href="https://en.coin-turk.com/what-will-happen-to-altcoins-now-bitcoin-btc-price-analysis/" data-wpel-link="internal">cryptocurrency</a> regulations under the administration of President Donald Trump. In a recent interview, Peirce identified three key priorities aimed at providing clarity and fostering growth within the cryptocurrency industry.</p> 
<h2 id="sec-and-cryptocurrencies">SEC and Cryptocurrencies</h2> 
<p style="text-align: justify">Peirce emphasized the need for the cryptocurrency industry to free itself from “regulatory pressure.” She argued that the SEC should stop restricting access to crypto services, particularly custodial services, which are vital for sector growth. According to her, these services are essential for the proper functioning and expansion of cryptocurrency businesses.</p> 
<p style="text-align: justify">Peirce pointed out the necessity for clearer guidance on which activities and assets the SEC should regulate. She stated that precise definitions would help crypto businesses better understand their obligations. This clarity would mitigate legal risks and allow for more effective navigation of cryptocurrency regulations.</p> 
<h2 id="collaboration-with-crypto-companies">Collaboration with Crypto Companies</h2> 
<p style="text-align: justify">Peirce also highlighted the importance of collaboration between the SEC and stakeholders in the cryptocurrency industry. She suggested that the agency work directly with the sector to determine how current rules are applied and where adjustments are needed. According to her, this collaboration should be a public process involving all parties.</p> 
<p style="text-align: justify">Peirce’s comments followed the disclosure of restrictive “pause letters” regarding banking services for crypto businesses, which <a href="https://en.coin-turk.com/ftx-exchange-will-it-be-revived/" data-wpel-link="internal">Coinbase</a> obtained through a FOIA request. The documents indicate that the FDIC instructed banks to halt crypto-related activities for further examination.</p> 
<p style="text-align: justify">Lastly, Peirce’s recommendations on SEC’s cryptocurrency regulations can be seen as significant steps toward a more open and clear regulatory framework. These regulations are expected to contribute to the sustainable growth of the cryptocurrency industry.</p> 
<p>The post <a href="https://en.coin-turk.com/hester-peirce-advocates-for-clear-cryptocurrency-regulations-and-collaboration/" data-wpel-link="internal">Hester Peirce Advocates for Clear Cryptocurrency Regulations and Collaboration</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Hester Peirce Advocates for Clear Cryptocurrency Regulations and Collaboration

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