{"id":36429,"date":"2021-02-15T09:47:12","date_gmt":"2021-02-15T07:47:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36429"},"modified":"2025-08-29T06:19:15","modified_gmt":"2025-08-29T03:19:15","slug":"sec-commissioner-hester-peirce-urges-clear-regulation-of-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sec-commissioner-hester-peirce-urges-clear-regulation-of-cryptocurrencies\/","title":{"rendered":"SEC Commissioner Hester Peirce urges clear regulation of cryptocurrencies"},"content":{"rendered":"<p>The adoption of bitcoin by large companies calls for the rapid introduction of clear regulatory rules, SEC Commissioner Hester Peirce told <a href=\"https:\/\/www.reuters.com\/article\/us-usa-sec-crypto-currency-idUSKBN2AD0MF\" target=\"_blank\" rel=\"nofollow noopener\">Reuters<\/a> in an interview.<\/p>\n<p>In her view, authorities should establish norms for the cryptocurrency industry that would allow it to flourish.<\/p>\n<p>Earlier, The Bank of New York Mellon, the oldest US bank, announced the expansion of its services <a href=\"https:\/\/forklog.com\/en\/news\/americas-oldest-bank-to-offer-bitcoin-custody-services\">with bitcoin operations<\/a> and other digital assets. Peirce noted that this adds urgency to the regulatory issue.<\/p>\n<p>In December 2020, <a href=\"https:\/\/forklog.com\/en\/news\/sec-commissioner-hester-peirce-crypto-industries-need-progressive-rules\">the SEC commissioner questioned<\/a> the ability of the existing regulatory framework to adapt to cryptocurrencies and called for a more innovative approach.<\/p>\n<p>In the same month, Peirce said that <a href=\"https:\/\/forklog.com\/en\/news\/sec-commissioner-hester-peirce-urges-regulators-not-to-curb-the-crypto-industrys-potential\">regulators should roll back<\/a> excessive rules governing the industry and the decentralized finance sector.<\/p>\n<p>In February 2021, Elon Musk&#8217;s Tesla invested $1.5 billion in bitcoin.<\/p>\n<p>Mastercard pledged in 2021 to <a href=\"https:\/\/forklog.com\/en\/news\/mastercard-pledges-direct-support-for-cryptocurrencies\">introduce direct support for cryptocurrencies<\/a>, and JPMorgan Chase said it would be willing to <a href=\"https:\/\/forklog.com\/en\/news\/jpmorgan-signals-readiness-to-add-bitcoin-support-if-demand-materialises\">add trading<\/a> of digital assets if there is demand.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The adoption of bitcoin by large companies calls for the rapid introduction of clear regulatory rules, SEC Commissioner Hester Peirce told Reuters.<\/p>\n","protected":false},"author":1,"featured_media":36430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1311,36,26],"class_list":["post-36429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-hester-peirce","tag-regulation","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/36429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=36429"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/36429\/revisions"}],"predecessor-version":[{"id":36431,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/36429\/revisions\/36431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/36430"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=36429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=36429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=36429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}