Hester Pierce, SEC commissioner, criticizes her agency and its decisions. Her views on cryptocurrencies are at odds with Gary Gensler's, which could lead to instability within the SEC and a possible change in leadership. However, the question remains whether she herself wants to take the position of Chairman of the Commission.
Hester Pierce is an American lawyer and SEC Commissioner with extensive experience and knowledge in the financial industry. She is committed to soft regulation of cryptocurrencies and their development in the United States, which cannot be said about Gary Gensler.
She recently spoke at Australian Blockchain Week and emphasized her stance on regulation of the crypto industry. Pearce believes that focusing solely on financial aspects limits the possibilities of blockchain, and laws must be flexible to accommodate new uses of cryptography and blockchain.
She also expressed interest in launching a Bitcoin ETF, excluding the strong volatility that had previously been a major obstacle. However, the current obstacle to development is the SEC itself, which is slowing down the creation of clear rules for the crypto industry.
Hester Pierce, due to her understanding and approach to cryptocurrencies, is a potential candidate for the post of SEC chair in the event of a change in leadership. This may require either a law that will help remove Gensler, or an independent decision by the latter, since he has a desire to enter politics and compete for the post of senator.
The SEC and the crypto industry are expected to undergo significant changes in the coming months.