Recent discussions surrounding the U.S. Securities and Exchange Commission (SEC) have highlighted concerns about its increasingly prescriptive regulatory approach. SEC Commissioner Hester Peirce, in a series of posts and speeches, emphasized the need for a regulatory environment that fosters innovation and maintains America as a land of opportunity. She criticized the SEC's rapid expansion of the rulebook at a record-breaking clip, which she believes could hinder the U.S.'s position in the global financial market, especially as the world transitions to a digital future. Peirce advocates for a more sensible regulation that supports innovators and entrepreneurs, aiming to make the U.S. a 'Why not?' kind of place that encourages new ventures.
Insightful perspective from SEC Commissioner @HesterPeirce on fostering American innovation through sensible securities regulation. "We should modulate our regulations to ensure that we are doing our part to keep America open to innovators, entrepreneurs, and upstart… https://t.co/q8qrdsMerP
Another brilliant & optimistic speech from @HesterPeirce - If her vision guided the SEC, the U.S. would be solidifying its place as the worlds premier financial market, instead of risking our position as the world transitions to a digital future. https://t.co/EWysWVJog4
Excellent post from SEC Commissioner @HesterPeirce on keeping America as the land of opportunity. "In this century, however, the Commission’s regulatory approach has turned increasingly prescriptive as we expand the rulebook at a record-breaking clip... Too often these days, we… https://t.co/IGIft3xGtK
Excellent post from SEC Commissioner Peirce on keeping America as the land of opportunity. "In this century, however, the Commission’s regulatory approach has turned increasingly prescriptive as we expand the rulebook at a record-breaking clip... Too often these days, we take a… https://t.co/IGIft3xGtK
Excellent post from SEC Commissioner Peirce on keeping America as the land of opportunity. "In the U.S., he explained, the question you get when you want to try something new is “Pourquoi Pas,” “Why not?” By contrast, in many other countries, the question posed to the person… https://t.co/IGIft3xGtK
We at the SEC need to do our part to ensure that the US is a "Why not?" kind of place where people are free to pursue their dreams: https://t.co/kmJG41HXAj
Great post here by Brian on the dangers of prescriptive regulation. Pretty easy to demonstrate how the SEC's prescriptive approach to regulating crypto has done far more harm than good. https://t.co/h2GUCtK1fK