Blockchain advocates are pushing back against the re-confirmation of SEC Commissioner Hester Peirce, also known as “Crypto Mom.” The advocates believe that Peirce’s stance on blockchain and cryptocurrency regulation is too strict and could stifle innovation in the industry.
Peirce has been a vocal supporter of blockchain technology and has advocated for a more hands-off approach to regulating cryptocurrencies. However, her re-confirmation has sparked concerns among some in the blockchain community who fear that she may not be the best choice to oversee the industry.
In a statement, the advocates expressed their opposition to Peirce’s re-confirmation, citing her past decisions that they believe have hindered the growth of the blockchain and cryptocurrency market. They argue that a more progressive and open-minded commissioner is needed to ensure that the industry can thrive and innovate.
The debate over Peirce’s re-confirmation highlights the ongoing tension between regulators and the blockchain community. While some believe that strict regulations are necessary to protect investors and prevent fraud, others argue that excessive regulation could stifle innovation and harm the industry as a whole.
As the debate continues, it remains to be seen whether Peirce will be re-confirmed as SEC Commissioner, or if the blockchain advocates will succeed in their efforts to oppose her appointment.