- Galaxy CEO Mike Novogratz thinks she would be a great pick to lead the US SEC.
- For her outspoken support of cryptocurrency, she is known as “Crypto Mom”.
Commissioner Hester Peirce has been outspoken in her criticism of SEC Chairman Gary Gensler’s strategy of regulating the cryptocurrency business via litigation rather than regulation. Galaxy CEO Mike Novogratz thinks she would be a great pick to lead the US SEC.
Having long pushed for a more deliberate and transparent regulatory structure for the cryptocurrency industry, Novogratz’s support of Peirce is no surprise. Peirce’s possible run for head of the SEC is further cemented by her role as the most vocal Republican on the commission. Especially, under Gensler’s tenure.
Outspoken Support of Crypto
Many in the cryptocurrency sector are looking to Hester Peirce, a renowned SEC commissioner, for guidance. As they await the impending change in legislation. Peirce will likely have significant opinions about the trajectory of crypto in the United States. On his CNBC call, Galaxy CEO Mike Novogratz publicly praised Peirce, thus it seems like she would be a great pick to chair the US Securities and Exchange Commission.
Moreover, for her outspoken support of cryptocurrency, she has been affectionately known as “Crypto Mom” by the crypto community. Also, new, more welcoming rules for digital assets are largely the result of her lobbying efforts. The name Peirce stands out, given the tenure of Gary Gensler as chair of the US SEC is coming to an end in a few months. In terms of the SEC’s stance on cryptocurrency regulation, the promotion might be seen as a shift.
Additionally, she has long advocated for crypto to be regulated with more transparency. Her viewpoint differs greatly from Gensler’s in that it is more open and balanced. His vigorous enforcement actions showed that he was not afraid to be harsh on the industry’s operators. There was a great deal of tension between him and the crypto community. Because of his desire for stringent regulation by enforcement.
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