DeFi will provide good regulatory test for SEC, says Commissioner Peirce By Cointelegraph

0
29

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.