“We just haven't made progress in the five years I've been here,' Crypto Mom Hester Peirce told Rob_Stevens_ in the run up to Consensus2023.
. But the measure left “too many ambiguities” to be practically applicable,” she said. “I don't know that it's really even being applied.”
Some of the complications of trying to write a regulatory policy through enforcement actions are apparent with the BlockFi settlement, she said. “If we had simply been more proactive in a regulatory way on crypto lending, we could have had a framework in place that would have applied to everyone,” she said.
Peirce pointed a finger at her colleagues who “don’t think that any clarity is needed.” Her peers “think there’s plenty of clarity” – and do not see much point in regulating crypto, a technology they do not consider useful.
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