TD Cowen: SEC Commissioner Hester Peirce's term will end in June, raising concerns about the progress of the cryptocurrency working group

Earlier this week, Securities Exchange Commission Commissioner Hester Peirce was appointed to lead the agency's newly announced cryptocurrency task force. However, investment bank TD Cowen said her term will end in June, raising concerns about the progress of the cryptocurrency task force.
SEC commissioners can serve an additional 18 months after their terms expire. The SEC's move to create a task force is an important and belated step toward regulatory transparency in the crypto space, the TD Cowen Washington Research Group (led by Jaret Seiberg) wrote in a report on Thursday. "Our only concern is that Peirce, often referred to as a" crypto mom "for her support of innovation in the crypto space, may leave when her term expires in June," the report said. Peirce, who has long advocated for balanced crypto regulation, has long been an advocate.