DeFi will provide good regulatory test for SEC, says Commissioner Peirce
Hester Peirce, the commissioner for the U.S. Securities and Exchange Commission known by the nickname “Crypto Mom,” welcomes the challenge of regulating decentralized finance.
In a speech for a George Washington University Law School event on the digital economy, Peirce said decentralized finance, or DeFi, could be the alternative legacy financial system many are seeking given the surge in anti-Wall Street sentiment surrounding the short squeeze of GameStop (NYSE:) stocks. The SEC commissioner said the technology could provide a “very good test” for the regulatory body in protecting investors and markets.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
