Commissioner Peirce On SEC’s Next Moves

Bullish:

• $CRYPTOETF - The SEC is actively working on standardizing listing requirements for crypto ETPs, suggesting a high likelihood of more diverse crypto ETF offerings in the future.

  • “I can tell you that our staff has been really inundated with with applications for people wanting to do different ETPs and have been working very hard. I mean, the goal is to get to a listing standard that's sort of more generic so that people know what they have to do.”

    Hester·52:26
• $CRYPTO - There's a positive long-term outlook for the crypto industry, with advice to focus on building valuable products to ensure lasting positive regulation.

  • “Use this time to build things that are valuable, that are good, that meet the needs of your of your fellow, Americans, people across the world. Build real things with real value for society because that is the best way to make sure that good crypto regulation, will last from administration to administration.”

    Hester·59:34
• $PRIVACYTECH - There's a growing need for privacy-enhancing technologies in finance, driven by concerns about financial privacy and current regulatory approaches.

  • “We need to maybe rethink this because we all use financial intermediaries for so much of our lives. And so if you just remove that whole section of our lives from Fourth Amendment protections, they're real concerns.”

    Hester·38:37
• $DEFI - Truly decentralized, open-source protocols may require less regulatory oversight, which could be favorable for DeFi projects.

  • “I think if people want to opt into a peer to peer world where they're not dealing with a registered entity, they're dealing with a software protocol, then an open source software protocol, right, that everyone can see and they understand what how it works, then I don't think that regulation has as much of a role to play because the protocol itself is serving in the function of a regulator.”

    Hester·59:54