June 7, 2023

Hester Pierce: Gary Gensler's arrival at the SEC will play into the hands of the cryptoindustry

If the Securities and Exchange Commission (SEC) is headed by Gary Gensler, then the United States will take the first step in recognizing cryptocurrency industry. This opinion was expressed in an interview with The Thinking Crypto by SEC Commissioner Hester Pierce, who many call a "cryptomama".

She received this nickname for promoting in the SEC the concept of implementing legislation to regulate relations in the blockchain industry.

On the eve it became known that the Banking CommitteeThe Senate voted to approve Gary Gensler's candidacy for the post of head of the SEC. Now the upper house of Congress must decide whether Gensler can head the Securities and Exchange Commission.

Hester Pierce recalled that the contender forthe position of the SEC chairman is a good specialist in the cryptosphere. It is this person who should lead the regulatory body, as he can develop an effective regulatory framework for the industry.

Cryptomama emphasized:

“I’m sure that we will finally get to the pointand we can clarify [the regulatory issues]. Most likely, we will get a new chairman, Gary Gensler. If he really gets approved and comes to the SEC, he will bring with him a really deep knowledge of this asset class [cryptocurrency]. "