SEC's Peirce Declines to Endorse Cryptocurrency Initiatives
The Securities and Exchange Commission (SEC) is embarking on a cross-country tour, aiming to amplify underrepresented voices within the crypto industry. Known as the "Crypto Mom," Hester Peirce, a commissioner at the SEC, is leading this initiative.
The tour is part of a broader effort to engage with early-stage crypto startups, particularly those with 10 or fewer employees. The tour's itinerary includes New York City, Los Angeles, Cleveland, Scottsdale, Atlanta, and Ann Arbor, with the next location yet to be announced.
The SEC's series of roundtable discussions are designed to ensure the voices of smaller crypto firms are considered in the development of regulation. These discussions provide a platform for startups to share their unique challenges and perspectives, fostering a more inclusive and informed regulatory environment.
However, an awkward encounter during these discussions has been mentioned but not detailed in the provided text. Despite this, the tour continues, with the SEC committed to fostering dialogue and understanding within the crypto sector.
As the tour progresses, it's clear that the SEC is dedicated to promoting transparency and collaboration in the rapidly evolving world of crypto. By engaging directly with startups and the broader community, the SEC hopes to create a regulatory framework that supports innovation while protecting investors.
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