SEC Commissioner Hester Peirce is out, effective October 2.
The market reads this as losing an ally. The reality is she’s leaving an agency that already “radically changed its approach” to crypto regulation. The two remaining commissioners are both Republicans, and the move away from “regulation by enforcement” was already underway.
This isn’t the loss of a key defender. It’s confirmation that the defense is no longer needed from the inside. Her role was essential when she was the opposition; now, her view is much closer to the agency's consensus.
The tape is selling the headline. Are you buying the underlying shift?
$BTC #Regulation
More of these coming today. Follow to catch them as they land.
The market reads this as losing an ally. The reality is she’s leaving an agency that already “radically changed its approach” to crypto regulation. The two remaining commissioners are both Republicans, and the move away from “regulation by enforcement” was already underway.
This isn’t the loss of a key defender. It’s confirmation that the defense is no longer needed from the inside. Her role was essential when she was the opposition; now, her view is much closer to the agency's consensus.
The tape is selling the headline. Are you buying the underlying shift?
$BTC #Regulation
More of these coming today. Follow to catch them as they land.
