PRO-BITCOIN SEC COMMISSIONER WARNS AGAINST ONE-SIZE-FITS-ALL CRYPTO LAWS

Peirce made the remarks this week at the Singapore University of Social Sciences’ Convergence Forum, where she discussed crypto regulations.

At the event, Peirce — who has been dubbed “Crypto Mom” for her pro-bitcoin viewpoints — underscored the need for global cooperation as the worldwide market grows.

Peirce says because so much crypto activity occurs outside the United States, the SEC has to approach regulations with “a sensitivity for cross-border considerations, cooperation, and co-learning.”

Peirce stressed that international dialogue about “how and whether to regulate crypto” in different countries is critical for nurturing this nascent industry.

However, Peirce says a single worldwide regulatory framework is not the answer. Why? Because it’s important to have regulatory competition to ensure a healthy, non-monopolistic marketplace.

Reference: https://www.ccn.com/crypto/pro-bitcoin-sec-commissioner-hester-peirce-crypto-regulations/2019/08/02/

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