SEC Commissioner Hester Peirce advocates for simplifying encryption regulation and enhancing clarity.

Gate News bot news, on June 5, Hester Peirce, a commissioner of the U.S. SEC, advocated for a more lenient regulatory approach to digital assets at the 3rd Annual Conference on Emerging Trends in Asset Management held in Washington, D.C.

Peirce highlighted the SEC's inefficiencies in handling crypto products, noting that the SEC delayed approval of spot Bitcoin and Ethereum ETPs until judicial intervention. She emphasized that the SEC must act as a constructive facilitator rather than gatekeeper in asset managers' pursuit of innovation, emphasizing the benefits of procedural consistency: "A standardized approach to such ETPs reduces the burden on industry and SEC staff." ”

Peirce calls for greater clarity in regulatory guidance to facilitate investors' access to digital assets. She pointed out, "Additional guidance can provide investors with more options and enhance the diversification of their portfolios. For example, the SEC is working to provide clear direction for investment advisors and investment companies."

She stated that custody is a key issue that has not yet been resolved—especially the status of state-chartered limited purpose trusts as custodians under the Investment Company Act and the Investment Advisers Act is still unclear. This ambiguity leaves funds and advisers without clear compliance pathways.

However, Peirce expressed cautious optimism about recent progress that may help address these obstacles: "After the withdrawal of Staff Accounting Bulletin No. 121 and the clarifying statements made by federal banking regulators, including the OCC, there may be more options for digital asset custody."

Source: Bitcoin.com