163 - What SEC Commissioner Hester Peirce Thinks About the SEC

Hester Peirce is one of five SEC Commissioners. She's been a Commissioner since 2018, with her term ending in 2025. Peirce, a previous podcast guest of Bankless, consistently makes first principles statements and is known to often dissent for her colleagues on crypto-related actions…we talk about that in today’s episode. These are a couple of many reasons why we enjoy her and her guidance so much.

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We’re three months into 2023 in one of the worst regulatory environments we’ve seen for crypto in the United States. In today’s episode, SEC Commissioner, Hester Peirce shares some insight on what could crypto be like if we had a first principles SEC, what security is and how we can define it, and how can crypto take its share of the responsibility to move this industry forward.

Commissioner Peirce was on the show two years ago…Apr 12, 2021. Today’s second appearance is one you do not want to miss.

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Topics Covered

0:00 Intro
8:25 Thoughts on Bank Crisis
9:30 Why We Need the SEC
11:40 Information Asymmetries
13:20 Healthy Crypto/SEC Relationship
17:15 SEC Security Definition
20:52 Security Catch-22
25:40 Expanding Jurisdiction
28:35 SEC Advocation
35:03 Dissent SEC Sway
39:36 Kraken Staking
43:36 Guidance vs. Enforcement
46:15 Stablecoin Status
47:43 What Crypto Could Be Doing Better?
51:12 Decentralization
53:49 Self-Regulation
55:24 Duke Speech
57:59 Closing

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Resources:

Hester Peirce
https://twitter.com/HesterPeirce

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures