Hester Peirce suggested establishing a temporary safe harbor to clarify the regulatory boundaries for encryption assets.

Wu learned that Hester Peirce, as the head of the SEC’s cryptocurrency task force, stated at the SEC Speaks conference that she recommended establishing a time-limited safe harbor mechanism that allows issuers to engage in cryptocurrency transactions while meeting disclosure and investor protection requirements to promote functional delivery or Decentralization. She also proposed clarifying the separation Node between cryptocurrency assets and investment contracts, and advocated for exemptions for non-security cryptocurrency assets such as Airdrop, NFT, and stablecoin.