SEC’s Hester Peirce Demands Clearer Rules for Crypto Industry

Speaking at the SEC’s “Know Your Custodian” roundtable on April 25, Peirce described the situation as playing “the floor is lava” in the dark, where financial firms must tiptoe around crypto assets without clear regulatory guidance. Peirce criticized the uncertainty facing investment advisers and brokers, who are often unsure whether certain crypto assets qualify as securities or which custodians meet legal requirements. She warned that forcing firms to navigate blindly not only stifles innovation but makes it nearly impossible to develop a strong crypto market. “It’s time to flip on the lights and build real walkways over the lava,” she said source: https://coindoo.com/secs-hester-peirce-demands-clearer-rules-for-crypto-industry/