SEC’s Hester Peirce says new stablecoin regs need to allow room for failure By Cointelegraph

SEC’s Hester Peirce says new stablecoin regs need to allow room for failure

Cryptocurrency May 14, 2022 03:40AM ET

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SEC’s Hester Peirce says new stablecoin regs need to allow room for failure

Commissioner Hester Peirce — also known as the United States Securities and Exchange Commission’s (SEC) “crypto mom” — has backed a regulatory framework for stablecoins that allows “room for there to be failure.”

Speaking at an online panel on Thursday hosted by financial think-tank the Official Monetary and Financial Institutions Forum (OMFIF), Peirce, who has long been an advocate for crypto, was asked to shed light on the actions being taken by U.S. regulatory bodies in regard to cryptocurrency.

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SEC’s Hester Peirce says new stablecoin regs need to allow room for failure

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