Tagged: hester peirce

SEC Commissioner Hester Peirce to Become Professor at Regent University School of Law

SEC Commissioner Hester Peirce is planning to depart the Commission this coming fall and join the Regent University School of Law as an Associate Professor. Peirce is well known for her support of Fintech innovation and for leading the Crypto Task Force at the SEC…. Read More

SEC Division of Trading and Markets Updates FAQ on Crypto, Reduces Haircut for Stablecoins to 2%

Yesterday, the Securities and Exchange Commission (SEC), Division of Trading and Markets, updated an FAQ on “crypto asset activities.” The SEC is working through changing rules to accommodate digital assets and the ongoing transition to tokenization and more. After four years of active subversion during… Read More

Watch: SEC Commissioner Hester Peirce Discusses Mirror Tokens

SEC Commissioner Hester Peirce attended the CfPA Regulated Investment Crowdfunding Summit this week, sharing insight into the regulatory environment at the Commission. One of the topics the Commissioner discussed was the advent of “Mirror Tokens.” Mirror Tokens are assets that are designed to reflect the… Read More

SEC Investor Advisory Committee Prepares Recommendations for Greater Access to Private Securities, Falls Short on Discriminatory Accredited Investor Definition

In a meeting of the Securities and Exchange Commission (SEC), Investor Advisory Committee (IAC), members approved recommendations pertaining to providing greater access to private securities for retail investors. The IAC was established under the Dodd-Frank Act, which authorizes the Committee to make recommendations to the… Read More

SEC Ripple Lawsuit at an End, SEC Chairman Paul Atkins, Commissioner Hester Peirce Rejoice

How things have changed at the Securities and Exchange Commission (SEC). During the last administration, digital assets were vilified to an extreme. While telling crypto innovators to come in and chat, the offer was viewed as more of a trap. Some in the cryptosphere simply… Read More

SEC Commissioner Hester Peirce Tells Certain Token Issuers to Come in and Chat

Last week, SEC Commissioner Hester Peirce issued a statement on tokenization and the firms are pursuing digital assets that are deemed to be securities. Commissioner Peirce is leading the SEC’s Crypto Task Force, which is caucusing with industry participants to help craft rules that support… Read More

SEC Crypto Task Force Panelists on DeFi Revealed

The SEC’s next Crypto Task Force Roundtable is preparing to tackle DeFi or decentralized finance. Entitled “DeFi and the American Spirit,” SEC Commissioner Hester Peirce says DeFi “exemplifies the promise of crypto, as it allows people to interact without intermediaries.” “I look forward to learning… Read More

SEC Crypto Task Force Roundtable to Tackle Tokenization: Posts Agenda for Meeting

Tokenization or digital securities may represent the most significant opportunity for distributed ledger technology and the financial services sector. While largely overshadowed by crypto that exists outside the securities realm, regulated digital assets that represent equity, debt, or another type of investment could be a… Read More

Panelists for First Crypto Roundtable at SEC

The Securities and Exchange Commission (SEC) intends to hold a series of roundtables to discuss the digital asset ecosystem and how the agency should regulate crypto. Prior to the announcement of roundtables, the SEC revealed a new Crypto Task Force led by Commissioner Hester Peirce…. Read More

SEC Crypto Task Force Schedules Roundtable. Will Focus on Defining Security Status

The SEC Crypto Task Force has scheduled the first of what is expected to be a series of Roundtables. The first gathering will address the topic of when a digital asset is a security and when it is something else. The Series is labeled “Spring… Read More

SEC Crypto Task Force Staff Announced

The newly announced SEC Crypto Task Force has provided an update on the staff engaged with aiding the process of providing regulatory clarity for digital assets. In a release today, the SEC outlined the Crypto Task Force staff members. The group is being helmed by Commissioner Hester Peirce, who… Read More

SEC to Tell Courts Not to Schedule Hearings on Climate Disclosure Rules Due to Change in Administration

The Securities and Exchange Commission (SEC) has announced a change regarding rules enacted by the Commission during the Biden Administration that sought to target climate disclosure for reporting firms. As part of the controversial ESG initiatives launched by the previous Chairman of the SEC, Gary… Read More

SEC Commissioner Hester Peirce Provides Goals of New Crypto Task Force

After years of actively undermining digital asset innovation, the Securities and Exchange Commission (SEC) will take steps to recognize and enable new technology that will improve the securities ecosystem and potentially help create new asset classes traded around the world. During the Biden Administration,  the… Read More

Damaging SEC Staff Bulletin that Undermined Digital Assets, SAB 121, Revoked

SEC Staff Accounting Bulletin (SAB) 121 is no more. Today, SAB 122 rescinded the guidance of SAB 121 – the bulletin that “expressed the views of the staff regarding the accounting for obligations to safeguard crypto-assets an entity holds for platform users.” Effectively, this made… Read More

Former Attorney at the Department of Justice Criminal Division Comments on SEC’s Move to Support Crypto Innovation

The new Trump administration has moved quickly to reverse the Biden administration’s anti-digital asset innovation policies. This week, Commissioner Mark Uyeda was selected as the acting Chair of the SEC. His first act was to create a Crypto Task Force led by Commissioner Hester Peirce,… Read More

Acting SEC Chairman Immediately Creates Crypto Task Force

Following the SEC debacle in regulating crypto under the direction of Chairman Gary Gensler, acting SEC Chair Mark Uyeda has announced a new Crypto Task Force. Uyeda was just announced as the temporary Chair to lead the Commission. Following his selection, Acting Chair Uyeda said… Read More

Selection of Paul Atkins as Incoming SEC Chairman Drives Bitcoin Above $100K, Insiders Welcome Appointment

  Bitcoin has finally topped the psychological barrier of $100,000 per BTC. The fuel was the selection of Paul Atkins to become the Chairman of the Securities and Exchange Commission (SEC). Bitcoin is currently trading at over $103,000. In the past, Atkins has supported digital… Read More

SEC Chair Gary Gensler Grilled by House Financial Services Committee, Questioned on Digital Assets Approach, Lack of Emphasis on Access to Capital

Securities and Exchange Commission (SEC) Chairman Gary Gensler took a bit of a beating yesterday during a House Financial Services Committee hearing. The gathering also included all other commissioners which provided an opportunity to hear opposing perspectives held by the Republican minority. The hearing memo… Read More

SEC Penalizes Flyfish Club for NFTs Deemed to be Crypto Asset Securities, Commissioners Peirce and Uyeda Slam “Crypto-Obsessed Commission”

Earlier today, the Securities and Exchange Commission (SEC) issued an Administrative Order punishing the FlyFish Club (FFC) for allegedly issuing “crypto asset securities.” The FlyFish Club is a private dining venue that offers memberships similar to country clubs. Unfortunately, FFC upset the Commission by issuing… Read More

SEC Commissioner Hester Peirce Comments on UK FCA, Bank of England Digital Securities Sandbox Consultation: Will SEC Continue to Ignore the Opportunity?

SEC Commissioner Hester Peirce has publicly shared a comment on a consultation in the UK. Launched last April, the proposal is for a Digital Securities Sandbox (DSS) initiated by the UK Financial Conduct Authority and the Bank of England. The deadline for feedback from interested… Read More

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