163 - What SEC Commissioner Hester Peirce Thinks About the SEC

Commissioner Peirce was on the show two years ago…Apr 12, 2021. Today’s second appearance is one you do not want to miss.
Mar 16, 20231 min read

Hester Peirce is one of five SEC Commissioners. She's been a Commissioner since 2018, with her term ending in 2025. Peirce, a previous podcast guest of Bankless, consistently makes first principles statements and is known to often dissent for her colleagues on crypto-related actions…we talk about that in today’s episode. These are a couple of many reasons why we enjoy her and her guidance so much.  

We’re three months into 2023 in one of the worst regulatory environments we’ve seen for crypto in the United States. In today’s episode, SEC Commissioner, Hester Peirce shares some insight on what could crypto be like if we had a first principles SEC, what a security is and how we can define it, and how can crypto take its share of the responsibility to move this industry forward.


0:00 Intro

8:25 Thoughts on Bank Crisis

9:30 Why We Need the SEC

11:40 Information Asymmetries

13:20 Healthy Crypto/SEC Relationship

17:15 SEC Security Definition

20:52 Security Catch-22

25:40 Expanding Jurisdiction

28:35 SEC Advocation

35:03 Dissent SEC Sway

39:36 Kraken Staking

43:36 Guidance vs. Enforcement

46:15 Stablecoin Status

47:43 What Crypto Could Be Doing Better?

51:12 Decentralization

53:49 Self-Regulation

55:24 Duke Speech

57:59 Closing


Hester Peirce


Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

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