Express

Multiple Agencies Are Vying To Supervise Digital Assets, SEC Commissioner Hester Peirce Said

Mary Liu

Summary: During the Virtual Finance Innovation Summit hosted by Bloomberg, Hester Peirce, the U.S. Securities and Exchange Commission (SEC) Commissioner, stated that it will take some time for regulators to reach a consensus on the spot Bitcoin Exchange Traded Fund (ETF).  Peirce talked about the slow progress in the regulation of digital assets, partly because there are ...

During the Virtual Finance Innovation Summit hosted by Bloomberg, Hester Peirce, the U.S. Securities and Exchange Commission (SEC) Commissioner, stated that it will take some time for regulators to reach a consensus on the spot Bitcoin Exchange Traded Fund (ETF). 

Peirce talked about the slow progress in the regulation of digital assets, partly because there are several regulatory agencies vying for jurisdiction. Congress, SEC, and Commodity Futures Trading Commission (CFTC) all have some jurisdictional requirements. Peirce said that no matter which institution is responsible for establishing the boundaries of digital assets, SEC Chairman Gary Gensler will continue to advocate for the supervision of crypto at the federal level.

By Mary Liu

Last Update:

Tags: ,,,,
Link: Multiple Agencies Are Vying To Supervise Digital Assets, SEC Commissioner Hester Peirce Said   [Copy]
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 6 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 12 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 15 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 16 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 19 days ago
  • You need to login to comment.