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A US Securities and Exchange Commission (SEC) commissioner has said that official regulation of cryptocurrencies could hinder the development of technology. Hester Peirce's remarks come at a time when the US SEC is accused of acting in contradiction and where there is hope for those who urge governments to step back to prevent excessive regulation

Hester Peirce, US Securities and Exchange Commissioner, spoke at the University of Missouri's Faculty of Law on February 8, arguing that government regulation could cause problems for the cryptography industry. The lawyer, who called herself "Crypto Mom" ​​for her generally positive comments on cryptocurrency, said it might be better for regulators to step back and carry out their projects. blockchain.
We may be able to draw clearer lines when we see more blockchain projects. Delay in drawing clear lines can really bring more freedom to technology
Peirce said she would be careful that no law is prejudicial to cryptography projects. It refers to Stablecoin, which restates its capital of $ 133 million to investors, compliance with securities laws is difficult. "I will not comment on the merits of a particular project or how the securities laws are applied to this project, but my antennae will appear if seemingly legitimate projects can not be realized because our laws on securities make them inapplicable. " could be too negative sometimes on crypto-currencies. This is something that needs to be changed: "We have rightly accused investors of having jumped at random to a solution called" crypto ", but we sometimes seem just as impulsive when we run in front of" crypto ". We must force investors to be cautious, but we owe it to them not to define their investment universe with our preferences.
Various points of view needed

Peirce's comments come at a time when the SEC's opinion on cryptocurrencies was not entirely clear. Last year, the SEC was right to sue vendors of coins and other scammers who exploit cryptos. However, as Peirce pointed out, this does not mean that supervisors and government agencies should be automatically skeptical about anything that should come from the cryptocurrency sector.

As Angela Walch, a law professor at St. Mary's University School of Law and a researcher at the Center for Blockchain Technologies at University College London, said, it is important for regulators to have a "diverse perspective" as well. often they can. are too focused on the protection of the financial system and are independent of the innovation and benefits that cryptocurrencies could bring.