SEC Commissioner Hester Perth defended her approach to cryptocurrency regulation during an interview with Bloomberg, prioritizing an innovation-friendly approach rather than restrictive surveillance.
Perth, head of the Stock Exchange Crypto Task Force, said in a recent Bloomberg interview he doesn’t consider himself an “industry advocate.” She opposed the notion of overly supportive of the crypto industry.
She criticized the SEC’s current approach, claiming that the agency placed “obstacles after obstacles” before those seeking to engage in the system. Instead, she called for a policy that allowed experiments.
“What I’m asking is that there are innovation policies that allow people to innovate and try new things,” she said.
You might like it too: Hester Peirce wrote:
“Adjust in a way that is impossible before.”
When asked if Crypto had a purpose, Peirce noted the possibility of promoting coordination and trust among people around the world. “This technology allows people to adjust in ways that are not possible before,” she says, allowing blockchain to integrate into traditional finance, while also enabling new use cases beyond the financial markets .
Perth also addressed concerns about whether her philosophy would be translated into unregulated advocacy.
“We live in a country with a very well-established financial regulatory framework,” she said, making it clear that her stance doesn’t mean “free for everyone.”
She argued for the importance of working within existing statutory frameworks. Perth said:
“We have rules in place and these rules will be enforced.”
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