SEC commissioner reminds of ‘the point of crypto’ as market aims for recovery

SEC commissioner reminds of ‘the point of crypto’ as market aims for recovery


Hester Peirce, a commissioner on the Securities and Exchange Commission (SEC), says that after a terrible year, industry players need to remember what crypto is really about.

In a speech at the Digital Assets at Duke conference, Peirce laid down some lessons to be learned from the issues that the crypto industry had to face last year. According to the commissioner, 2022 was a “terrible, horrible, no good, very bad year” for both the crypto space and regulators. However, Peirce believed there are valuable takeaways from the series of problems that arose last year. She explained:

“Underlying these lessons is the truth that technology takes time to develop and often must combine with innovative developments in other fields to realize its full potential.”

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In addition, the

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