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Hester Peirce Apologizes, Urges Crypto to Build as SEC Moves to Rulemaking

Her remarks reflect an SEC pivot to formal rulemaking under Chair Paul Atkins.

Overview

  • Speaking at the Coin Center Dinner, Peirce said she was sorry she failed to persuade colleagues to give the industry a chance.
  • She urged founders and developers to make quick progress now that regulatory clarity is the agency’s objective.
  • Under new leadership, the SEC has created a Crypto Task Force led by Peirce and launched Project Crypto to modernize digital-asset rules.
  • Coverage reports the SEC has shelved multiple cases, including a February dismissal of its Coinbase lawsuit, and issued August guidance clarifying that certain liquid-staking activities are not securities.
  • Peirce lightened the tone by floating a tongue‑in‑cheek NFT collection and joking about trying beekeeping as she awaits a successor.