SEC Commissioner Haster Peerus defended his approach to cryptocurrency regulation during the Bloomberg interview, which prefer an innovative approach rather than restrictive inspection.
Prominent Peerce of Securities and Exchange Crypto Task Force said Recently Bloomberg Interview She does not consider herself a “lawyer of the industry”, rather she is a “freedom maximum”. He pushed back against the notion that the shees was in support of the crypto industry.
He criticized the current approach of the SEC, arguing that the agency has placed “Roadlock” in front of those trying to join the system. Instead, he called for a policy that allows experimentation.
“I am only asking that we have an innovation policy that allows people to innovate and try new things,” he said.
‘Coordinate in methods that were not possible earlier’
Asked whether Crypto is aimed at whether, Pairus indicated his ability to convenience coordination and trust globally. “The technique allows people to coordinate in ways that were not possible earlier,” he said, blockchain can be integrated into traditional finance, while enabling new use cases beyond the financial markets.
Peerce also addressed concerns about whether his philosophy translates to advocate without any regulation.
“We live in a country where we have a very established financial regulatory structure,” he said, clarifying that his stance does not mean “free for all”.
He argued for the importance of working within the existing statutory outlines. Peerce said:
“We have rules, and those rules will be implemented.”
