Who is crypto mom Hester Peirce? Considered the first choice for the next SEC chairman

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has always been the most friendly regulator to cryptocurrency. She holds a liberal stance on cryptocurrency regulation and has been committed to promoting clearer and more reasonable cryptocurrency regulation. framework, so it is known as the "Crypto Mom" ​​in the currency circle.

As a well-known figure in the field of financial regulation in the United States, Hester Peirce will attend the Asia Blockchain Summit in Taiwan in August to share her insights on global cryptocurrency regulation and explore how to achieve a balance between innovation and investor protection. Balance, her expertise and vision can also bring profound inspiration to Taiwanese supervision.

Readers below will quickly get to know Hester Peirce’s experience:

Crypto Mom’s life experience

Hester Peirce started her career in 1997 as a court clerk, and then entered the SEC, where she served in the investment management department from 2000 to 2004. Staff Attorney. She later served as counsel to then-SEC Commissioner Paul S. Atkins from 2004 to 2008, providing him with legal advice on various regulatory matters, which also expanded her insight into the financial markets regulatory framework.

While serving at the SEC, Hester Peirce joined the Senate Banking, Housing and Urban Affairs Committee and worked on financial regulatory reform, especially in response to the 2008 financial crisis. She participated in the legislative process of the Dodd-Frank Act , a bill aimed at preventing future financial crises, an experience that played an important role in her views on financial regulation.

In 2017, Hester Peirce was nominated by then US President Trump and voted by the US Senate to serve as SEC Commissioner. She was sworn in on January 11, 2018, when the cryptocurrency industry was growing, and her subsequent advocacy had a significant impact Her first term ended in 2020, but she successfully secured a second term until 2025.

Hester Peirce’s Cryptocurrency Stance

Hester Peirce’s pro-cryptocurrency stance is different from many of his colleagues at the SEC. Although the SEC is cautious about digital assets, Hester Peirce has been pushing for a more balanced, innovation-friendly Regulatory framework, she believes that overly strict regulations may inhibit the growth and potential of the cryptocurrency industry.

Hester Peirce once stated when talking about decentralized finance (DeFi) and its role in economic inclusion:

I do think there is a beauty in decentralization that allows us to bring those who have previously been excluded from the economy Bringing outsiders into the economy, I saw its potential. ”

One of Hester Peirce’s most important contributions is his introduction of the safe harbor draft, which will allow new token projects to enjoy a three-year grace period on the premise of meeting certain disclosure requirements and complying with anti-fraud regulations. , without the immediate threat of regulatory action, the draft has not yet been adopted, but it has sparked heated discussions about how to properly regulate emerging technologies

Hester Peirce’s willingness to communicate with the currency community and listen to their concerns has led to her being adopted. Believing that she is different from other regulators who are out of touch with the currency circle, she often participates in cryptocurrency conferences and podcasts, showing a sincere interest in understanding blockchain technology and its potential impact, which has also earned her widespread praise from the currency circle.

Current SEC Chairman Gary Gensler has a strict stance on cryptocurrencies and has been criticized by the currency circle for launching a war against cryptocurrencies. As the most friendly SEC commissioner in the currency circle, Hester Peirce has criticized Gary Gensler’s cryptocurrency regulatory policies. It may have some positive effects on the currency circle:

Internal checks and balances: Hester Peirce often raised objections to Gary Gensler’s tough stance within the SEC, forming a checking and balancing force that prompted Gary Gensler to be more cautious when formulating policies, and Taking into account different viewpoints.

Public opinion influence: Hester Peirce’s views are quite influential in the cryptocurrency community. Her public remarks and criticism may attract public attention and put pressure on Gary Gensler, forcing him to review or adjust policies. Direction.

Potential candidates for the next SEC chairman

Former US President Trump is striving to win the US presidential election in November this year. He has recently made remarks in support of cryptocurrency, which has led many analysts to believe that if the Republican Party In office, Hester Peirce is likely to replace Gary Gensler as the next SEC Chairman.

Former SEC official John Reed Stark predicted that if the Republican Party wins the White House, Gary Gensler may be replaced by Hester Peirce, who is responsible for many of the SEC's encryption-related enforcement actions. Dissent and dissent, if she becomes SEC Chair, the world should expect a screeching halt to most of the SEC’s crypto-related enforcement actions and interference

If successful, Hester Peirce’s leadership could mark the beginning of the SEC’s evolution in cryptocurrency regulation. A major shift, her support for a clearer and rational regulatory framework could pave the way for greater adoption of cryptocurrencies in the global financial system, creating a better environment for crypto businesses and investors, and as such, her support for global crypto The influence of monetary regulation is self-evident

Hester Peirce will attend ABS 2024

I believe you have understood the importance of Hester Peirce to the development of global cryptocurrency. If you want to get her latest observations on market regulation as soon as possible, don’t miss the Asia Blockchain Summit (ABS 2024) held at the Taipei Nangang Exhibition Center in August this year.

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