Galaxy CEO Mike Novogratz thinks Commissioner Hester Peirce, who has been critical of SEC Chairman Gary Gensler’s action through enforcement to regulate the crypto industry, is an excellent candidate for U.S. SEC Chairman.
Hester Peirce’s Organizing Approach
Peirce is known as an advocate for a more thoughtful and clear regulatory framework for the crypto space. By cementing his position as the most vocal Republican on the commission under Gensler, Peirce solidifies his potential candidacy for the agency’s top job.
The crypto community calls Peirce “Crypto Mom” and credits her with contributing greatly to the introduction of friendly regulations for crypto assets. With Gensler’s term ending in a few months, Peirce’s name comes to the fore.
Mike Novogratz stated that Peirce’s appointment as US SEC Chairman could lead to positive changes in the crypto industry.
Future Prospects
Rumors that Gensler will resign soon make Peirce’s possible appointment a promising development in the crypto space. It is believed that if Peirce became chairman, the SEC would be able to develop a more friendly regulatory approach to the crypto world. Peirce, who defended the BTC ETF approval for a long time, ensured that it was accepted with a vote of 2 against 3. Gensler and Uyeda voted yes, while the other two members opposed it. Gensler voted yes because of the Grayscale case.
While Novogratz remains optimistic about the future of the crypto industry, he believes that new regulatory leadership will reduce uncertainties in the sector. These changes are expected to create a better environment for investors, businesses and innovation.
Peirce’s experience in financial market regulation and his legal background make him a suitable candidate for the SEC chairman position. However, his appointment is complicated by Peirce’s plans to leave the commission after his term ends.
Conclusion
Hester Peirce’s support for SEC chairman could be a positive step for the crypto industry. A more open and balanced regulatory approach could encourage growth and innovation in the sector. Peirce’s appointment could ensure a more stable and reliable environment in the crypto market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
