Esther Pierce: "The MiCA bill can become a model for the US regulation of cryptocurrencies"

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U.S. Securities and Exchange Commission (SEC) Commissioner EstherPierce believes that the recently adopted bill in the European Union to regulate cryptocurrencies(MiCA) will be a good model for overseeing the industry.

Speaking at the Crypto and Digital Assets Summit in London, EstherHester Peirce stated that she shares the approach of European regulators to the supervision of cryptocurrencies.Pierce believes that MiCA allows users to understand that crypto assets come with risks, while the billdoes not hinder the development of innovation.

"I agree with the approach, which is to tell people: look, there are risks here.You can agree to them or refuse them.A good regulatory regime, people and companies will be attracted to the country.We're shooting ourselves in the foot by refusing to work out regulatory rules for crypto companies," Pearce said.

The commissioner added that she does not have much faith in what regulators will present in the near futurePierce once again spoke out against the position of SEC Chairman Gary Gensler and criticized the actions of the entire agency, which prefers to sue crypto companies.

"Stagnation, centralization, the withdrawal of companies from the United States – these are the slogans of the SEC.Instead of embracing the advent of new technologies, we are resigning ourselves to stagnation, increasing centralization, and contributing to brain drain and the disappearance of technology.I don't agree with that," the SEC commissioner said.

Recall that in February, EstherPierce already appealed to the US Congress with a request to take part in the development of a regulatory framework for the regulation of digital assets.