On Thursday, at a cryptocurrency summit organized by Solidus Labs, a Commission representativeUS Securities and Exchange Commission (SEC) Esther Pierce expressed her opinion on the prospects for the development of the crypto industry.
Esther Pierce spoke about her views on cryptocurrenciesas "transaction mechanisms". In addition, she noted that due to its ability to store and transfer value, digital assets “will one day 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.
Read this:
Esther Pearce: “Digital Assets Will Ever Become Internet Money”
Cryptocurrency Regulation Hearing Held In US Congress Next Week
Hit Libra: Germany won't let cryptocurrencies become real money
Survey: 41% of Europeans are confident in the prospects for cryptocurrencies
SWIFT Chairman: “Cryptocurrencies are causing extraordinary changes in the financial industry”
GEO Protocol receives CoinFund investment to develop Internet technology value