In an interview with Bloomberg, SEC Commissioner Hester Peirce said that many Meme tokens may not fall under the SEC's regulatory purview because current regulations do not explicitly classify them as securities. She pointed out that if Congress or the Commodity Futures Trading Commission (CFTC) wanted to step in, that would be their decision. Peirce believes that Meme tokens have no intrinsic value and are more like digital versions of Beanie Babies or baseball cards. She said: "If people are w...
In an interview with Bloomberg on Tuesday, Securities Exchange Commission (SEC) Commissioner Hester Peirce was asked about the official Meme coins of President Donald Trump and his wife, TRUMP and MELANIA, and whether such cryptocurrencies fall under the agency's jurisdiction. The newly appointed head of the U.S. SEC's cryptocurrency task force said such assets may not fall under its jurisdiction. President Donald Trump launched his own Solana-based...
In a virtual address to a Federalist Society panel today, SEC Commissioner Hester Peirce said it was "premature" for the SEC to begin developing a crypto regulatory agenda without a Senate-approved chairperson in charge. Mark Uyeda is currently serving as acting chairperson, but the Senate is expected to vote soon on the nomination of former SEC commissioner Paul Atkins. Hester Peirce said: "Mark Uyeda, acting chairperson, has done a very good job and the agenda is playing...
ECB executive member Chipolone said that there is still room for interest rate cuts and inflation is almost on target. He pointed out that economic fundamentals are not significantly different from the forecast in December last year, and interest rate cuts are in line with the downward trend of inflation. Chipolone added that there is currently no evidence that inflation may be below target, risks are generally balanced, and there are no signs of recession, and a soft landing remains the main sc...
Hester Peirce, commissioner of the Securities Exchange Commission (SEC), introduced the mission and goals of the newly formed crypto task force, saying that the current 10 tasks of the task force include: examining the status of different types of crypto assets under securities laws, helping to identify some areas that do not fall under the committee's jurisdiction, and considering recommending that the committee take action for...
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. Securities and Exchange Commission commissioners can serve an additional 18 months after their term expires. A report from TD Cowen's Washington research group (led by Jaret Seiberg) on Thursday...
On Jan. 22, Lisa Kruse, commissioner of the North Dakota Department of Financial Institution Group, told members of the House Committee on Industry, Commerce and Labor that the state's residents filed 103 complaints of cryptocurrency scams with the FBI, resulting in a total of $6.50 million in losses in 2023. The FBI reported in September that Americans lost $5.60 billion to cryptocurrency fraud in 2023 and recorded 5,500 cases involving cryptocurrency ATMs with losses exceeding $189 million.
On January 17, the Central Political and Legal Committee Chang An Jian issued a document on the WeChat official account, saying that the 2025 Central Political and Legal Work Conference pointed out that the Ministry of Justice should take the initiative to study and propose legislative proposals, and study new issues such as unmanned driving, low-altitude economy, artificial intelligence, virtual currency, and data ownership. It is reported that Chang'an Jian of the Central Political and Legal C...
Hester Peirce, the commissioner of the Securities Exchange Commission (SEC), expressed serious concerns about the "de-banking" of crypto companies at a meeting on Wednesday. As one of the five SEC commissioners, Peirce, who is affectionately known in the industry as the "crypto mom", has been relatively open to the crypto industry.
A vote by U.S. senators to renominate SEC Commissioner Caroline Crenshaw for re-election is currently pending due to the digital asset industry's opposition to her anti-cryptocurrency stance. A person familiar with Crenshaw's nomination process said the outcome of the vote was "to be determined". The vote was originally scheduled for Wednesday as part of a hearing before the U.S. Senate Banking Committee. According to a statement released late Wednesday, the committee chair, Sen. Sher, D-Ohio...
According to Forbes reporter Eleanor Terrett, U.S. SEC Commissioner Hester Peirce mentioned "Operation Chokepoint 2.0" in an interview and outlined three things she believes need to be done under the new SEC under Trump to help bring greater clarity to the cryptocurrency industry: To stop the government-regulated Chokepoint campaign, the first step is to stop this attempt to prevent cryptocurrencies from getting the services they need.
Bank of England Monetary Policy Commissioner Dingra: Policy should be further relaxed.
According to FOX Business reporter Eleanor Terrett, CFTC Commissioner Caroline D. Pham is one of the candidates for the new CFTC chair, and under the new leadership, a suspension of Biden-era enforcement actions is on the agenda.
Hester Peirce, crypto mama and commissioner of the Securities Exchange Commission (SEC), wrote on the X platform: "At the SEC, we still have a lot of work to do to advance free markets, capital formation, investor choice and innovation. I am excited that Paul Atkins will be back to lead this effort, I worked with him during his last tenure at the agency, and I can't think of anyone better suited for this job."
The European Parliament on Wednesday approved a list of commissioners, including those responsible for overseeing the regulation of digital assets, with commissioners Stéphane Séjourné, Maria Luís Albuquerque, and Henna Virkkunen likely to include cryptocurrencies in their remit. In September, the President of the European Parliament, Ursula Von der Leyen, proposed a list of commissioners. Although cryptocurrencies are not a central theme in these positions, the committee will be responsible...