September 18, 2018 @ 11:14 am By JD Alois  |  

Securities and Exchange Commissioner (SEC) Hester Peirce delivered a speech at the Cato Fintech event in SF this week tackling an important topic: That of regulators (and policymakers in general) being too risk averse. This is a truism in policy. We elect, or appoint, public… Read More

August 27, 2018 @ 8:13 pm By Samuel Guzik  |  

President Trump:  It’s High Time for a few More Tweets to SEC Chairman Jay Clayton Any good litigator can tell you that the difference between success and failure is often the ability to ask the right questions – at the right times – and asking… Read More

August 24, 2018 @ 11:14 am By Cali Haan  |  

An SEC decision to disapprove the listing of several Bitcoin exchange-traded funds (ETFs) on the New York Stock Exchange(NYSE) has been stayed pending review. Commissioner Hester Pierce announced the stay yesterday on Twitter. The SEC had ruled the day before to deny a rule change… Read More

July 26, 2018 @ 5:48 pm By JD Alois  |  

Commissioner Hester Peirce has slammed the Securities and Exchange Commission’s decision to deny trading of the Winklevoss Bitcoin Trust on Bats BZX Exchange in a public statement. Peirce stated; “I am concerned that the Commission’s approach undermines investor protection by precluding greater institutionalization of the… Read More

May 22, 2018 @ 10:47 pm By JD Alois  |  

On the same day the North American Securities Administrators Assocation (NASAA) announced “Operation Cryptosweep” – a coordinated enforcement action targeting fraudulent initial coin offerings (ICOs), Commodity Futures Trading Commission (CFTC) Chair J. Christopher Giancarlo delivered a speech to NASAA members. Within his prepared remarks, Giancarlo stated;… Read More

May 21, 2018 @ 10:12 pm By Jim Borzilleri  |  

Earlier this month Hester Peirce, a commissioner of the SEC, delivered a powerful speech in LA that bodes well for the future of cryptocurrency regulation. She addressed the challenges she faces as a regulator of the financial sector, and shared her own philosophy regarding initial… Read More

May 13, 2018 @ 8:17 pm By JD Alois  |  

Towards the end of April, SEC Commissioner Robert J. Jackson Jr. delivered a heartfelt speech in Cleveland about the decline of initial public offerings (IPOs) in the US. While there has been much debate regarding the cause of this decline (with some questioning whether it even… Read More

May 12, 2018 @ 10:08 am By JD Alois  |  

Last week, SEC Commissioner Hester Peirce delivered a powerful speech that shared her views on the mission of regulators broadly, and cryptocurrency innovation specifically. The speech has been widely lauded in the crypto space as it has been viewed as supportive of the potential for… Read More

May 8, 2018 @ 12:34 pm By JD Alois  |  

“The regulator should be careful not to try to control the development of new technologies.” – Hester Peirce, SEC Commissioner SEC Commissioner Hester Peirce delivered a fascinating speech in LA today, addressing the challenges of innovation in the financial services sector while providing insight into… Read More

April 12, 2018 @ 4:37 pm By JD Alois  |  

SEC Commissioners Michael S. Piwowar and Hester M. Peirce have delivered a letter to Chairman Michael Crapo of the Senate Committee on Banking and Chairman Jeb Hensarling of the House Financial Services Committee pertaining to a legislative push to increase the cap on Reg A+… Read More

January 11, 2018 @ 9:50 pm By JD Alois  |  

The Securities and Exchange Commission has finally filled the two vacant seats on the Commission as Hester M. Peirce and Robert J. Jackson were sworn in today by SEC Chairman Jay Clayton. Peirce and Jackson will join the other two Commissioners, Kara Stein and Michael… Read More

December 22, 2017 @ 12:06 pm By JD Alois  |  

Hester Peirce and Robert Jackson were both confirmed by a Senate voice yesterday as Commissioners at the Securities and Exchange Commission. Peirce will immediately begin a term that expires in 2020. Jackson will complete the remainder of a term that expires in 2019. The confirmation… Read More

July 19, 2017 @ 5:51 pm By JD Alois  |  

Hester Peirce, a Professor at George Mason University, has been nominated to become a Commissioner at the Securities and Exchange Commission thus filling one of two vacancies. Peirce was previously selected by the Obama administration to become a Commissioner but the nomination stalled in the Senate… Read More

February 6, 2017 @ 10:53 am By JD Alois  |  

Last December, the Office of the Comptroller of the Currency (OCC) – part of the Department of Treasury-  proposed a “National Bank Charter for Fintech Companies”. The exploration stirred up a hornet’s nest of public officials that were not too pleased the OCC would think… Read More

January 21, 2017 @ 3:38 pm By JD Alois  |  

“If you want something new, you have to stop doing something old” ― Peter F. Drucker The Office of the Comptroller of the Currency (OCC) rattled the cages of big finance and state regulators in proposing a possible “Fintech Charter” to license and regulate emerging… Read More

April 8, 2016 @ 8:37 am By JD Alois  |  

In a surprise turn of events, President Obama’s choices to fill two vacancies at the Securities and Exchange Commission have been delayed by Senators Warren and Schumer.  Hester Peirce, a Republican, and Lisa Fairfax, a Democrat, were both expected to pass through the Senate Banking… Read More

March 18, 2016 @ 1:26 pm By JD Alois  |  

SEC nominees Hester Peirce and Lisa Fairfax each had the opportunity to share their perspectives with the Senate Banking Committee this week as part of the confirmation process.  Appointed by President Obama at the end of last year, both Peirce and Fairfax received tough questions… Read More

March 9, 2016 @ 7:19 am By JD Alois  |  

The Senate Committee on Banking,Housing and Urban Affairs will meet on March 10th to review President Obama’s nominations for SEC Commissioners.  Hester Peirce and Lisa Fairfax were selected to fill openings on the Commission following the departure of former Commissioner Gallagher and former Commissioner Aguilar. Peirce,… Read More

January 20, 2016 @ 10:34 pm By JD Alois  |  

While the Obama Administration appointed two new SEC commissioners this past fall, not too much has happened to move forward on the nominations.  Senate Banking Committee Chairman Richard Shelby has come under some recent criticism for moving slowly in the approval process as the SEC… Read More

October 20, 2015 @ 5:16 pm By JD Alois  |  

President Barack Obama has revealed his picks to fill the two vacancies at the Securities and Exchange Commission.  Hester Peirce, currently a Professor at George Mason University and Lisa Fairfax, a Professor at George Washington University Law School, have been selected to fill two spots… Read More