August 9, 2020

Esther Pierce: Digital Assets Will Become Internet Money

Esther Pierce: Digital Assets Will Become Internet Money

Solidus Labs spokesman for the cryptocurrency summit on Thursday Securities and Exchange Commission (SEC) Esther Pearce expressed her opinion on the prospects for the development of the crypto industry.

Esther Pierce spoke about the views on cryptocurrenciesas "transactional mechanisms." In addition, she noted that because of its ability to preserve and transfer value, digital assets “will someday become the money of the Internet.”

Pierce Sure US Can Improve and Speed ​​Upthe process of adopting new regulations in the cryptocurrency sphere, using its “power resources”. In her opinion, the SEC's slowness in adopting innovative technologies leads to a lag in creating a regulatory framework for the development of the crypto industry. As a result, the United States may lose competitiveness in the global financial market of the future.

Esther Pearce, being SEC Commissioner, is providingsignificant influence on cryptocurrency politics, and its word has significant weight. At the same time, Pierce seeks to maintain a balance between ensuring the SEC regulatory policy and encouraging players in the cryptocurrency market.