Crypto mom takes the stage at blockchain summit
U.S. Securities and Exchange Commission Commissioner Hester Peirce spoke at the 8th annual Black Blockchain Summit in Washington.
“Our capital markets in the United States are a treasure that belongs to everyone,” Hester Peirce said.
Known in the industry as “Crypto Mom,” she remains active even after her second term ended in June.
The discussion at Howard University was moderated by Karima Woods, Commissioner of the District of Columbia Department of Insurance, Securities and Banking.
“I do believe that financial education is the best protection that we can give people,” Peirce said when asked about risk mitigation.
She stressed the need to shift away from disclosures as the primary default for investor protection.
“Principles-based regulation is what we need,” Peirce added as the dialogue turned to technology as a tool for financial inclusion.
The exchange highlighted strong synergy between the two regulators as their conversation deepened.
Peirce outlined initiatives from the SEC Crypto Task Force and promoted a cross-border regulatory sandbox between the U.S. and U.K. to boost digital assets.
Regulatory sandboxes have been explored by both regulators, though each has focused on distinct jurisdictions.
Commissioner Woods has been leading efforts for a DC regulatory sandbox since 2019.
She highlighted that in 2020, the Sandbox Council recommended to Mayor Bowser the creation of a safe testing environment for financial innovations.
Woods noted that the District’s sandbox program is now tied to pending legislation before the DC Council.
“DISB remains committed to innovation in the regulation of the financial services industry,” Woods said.
She reaffirmed her agency’s dedication to advancing financial innovation while ensuring proper oversight.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP News Today: XRP ETF Momentum Contrasts with Declining Network Engagement
- XRP's ETF inflows exceed $420M daily, contrasting with 50% lower on-chain payment volume and declining transaction counts. - Technical indicators show fragile bullish momentum below $2.28, while RSI rejection and EMA positioning highlight bearish pressure. - Fed's 81% rate cut probability and ETF-driven demand could push XRP toward $3, but network activity weakness raises sustainability doubts. - MACD buy signals clash with declining 50-day EMA ($2.38) and structural vulnerabilities in ETF-dependent pric
Ethereum News Update: North Korean Cybercriminals' Cross-Chain Money Laundering Reveals Vulnerabilities in Crypto Security
- North Korean hackers suspected in $36.8M Upbit breach used multi-chain laundering across Solana and Ethereum to obscure stolen assets. - Upbit froze transactions, pledged user reimbursements, and faces regulatory fines for delayed reporting amid a $10.3B merger with Naver. - Attack mirrors 2019 Lazarus tactics, exposing crypto industry vulnerabilities as stolen funds were rapidly converted into $1.6M via 185 wallets. - Market volatility surged with altcoin price spikes, while regulators intensify scrutin
Blazpay's 24-Hour Timer: AI-Powered Token Set to Dominate the 2025 Cryptocurrency Surge
- Blazpay's Phase 4 presale enters final 24 hours with $1.52M raised and 78.6% tokens sold, outpacing initial sales projections. - Analysts highlight 3.4x-5x return potential for early buyers, citing AI-powered trading tools, multichain infrastructure, and audit-backed security protocols. - Investors can purchase BLAZ tokens via USDT/ETH/BNB through the official portal, with referral incentives and gamified rewards boosting community engagement. - Project emphasizes real-world utility including automated t
Bitcoin News Update: MSCI Regulation Ignites Tension Between Bitcoin and Major Traditional Financial Institutions
- MSCI's proposed rule to exclude firms with over 50% crypto assets risks triggering $8.8B in forced Bitcoin sell-offs from index-tracking funds by 2026. - JPMorgan's analysis highlights existential threats for crypto-focused companies like Strategy (MSTR), which could face $2.8B in passive outflows alone. - Critics accuse MSCI and JPMorgan of bias, citing the bank's anti-crypto stance and the "binary cliff effect" of the 50% threshold destabilizing market eligibility. - The debate reflects a clash between
Trending news
MoreCrypto prices
More
