Hester Peirce stated that the SEC chairman’s regulatory agenda fails to clarify cryptocurrencies

Hester Peirce is a commissioner of the U.S. Securities and Exchange Commission, known as Crypto Mom by many in this field, and is opposing that the regulator does not include an agenda for clarification of digital assets.

In a joint statement on Monday, Peirce and SEC Commissioner Elad Roisman Say They were “disappointed” that Chairman Gary Gensler’s regulatory agenda failed to include projects aimed at helping companies raise funds, further protecting investors, repealing the committee’s recently passed rules, and clarifying cryptocurrencies. According to the two regulators, Gensler’s uncertain stance on digital assets may cause problems for companies wishing to operate in this field.

“Instead of undertaking the daunting task of establishing rules to allow investors and regulated entities to interact with digital assets, including digital asset securities, this agenda-through silence on encryption-shows that the market can expect applications around our applications Problems continue to exist. Peirce and Roisman said: “This silence makes fraudsters bolder and hinders conscientious participants who want to abide by the law. “

The two added that the proposed regulatory framework is delaying revisions related to transaction information audit trails-presumably including cryptocurrencies-and the people behind the transactions. According to Peirce and Roisman, postponing these protective measures “makes investor data vulnerable.”

related: SEC Commissioner: DeFi must solve transparency and anonymity issues

Gensler, who has been the chairman of the SEC since April, has issued multiple public statements Advise crypto companies “Come in and talk about” any concerns about token projects that may qualify as securities. Cointelegraph reported in August that Gensler hopes Introduce encryption-related policy changes Focus on token products, decentralized finance, stablecoins, custody, exchange-traded funds and lending platforms.

As the main regulator of US financial products, the US Securities and Exchange Commission has been criticized by many people Block the launch of exchange-traded fundsOr ETF, associated with cryptocurrency.Although regulators have Recently approved ETF involving Bitcoin (Bitcoin) Futures of investment managers ProShares and Valkyrie, it has not yet given the green light for another crypto ETF.