SEC’s Hester Peirce says new stablecoin regs need to allow room for failure

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Cryptocurrency20 minutes agone (May 14, 2022 03:40AM ET)

SEC’s Hester Peirce says caller   stablecoin regs request   to let  country   for failure SEC’s Hester Peirce says caller stablecoin regs request to let country for failure

Commissioner Hester Peirce — besides known arsenic the United States Securities and Exchange Commission’s (SEC) “crypto mom” — has backed a regulatory model for stablecoins that allows “room for determination to beryllium failure.”

Speaking astatine an online sheet connected Thursday hosted by fiscal think-tank the Official Monetary and Financial Institutions Forum (OMFIF), Peirce, who has agelong been an advocator for crypto, was asked to shed airy connected the actions being taken by U.S. regulatory bodies successful respect to cryptocurrency.

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