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SEC’s Peirce Prefers Free Range to Helicopter Crypto Regulation

Sept. 12, 2018, 7:33 PM

“Crypto Mom” Hester Peirce has a message for her fellow SEC commissioners as they regulate cryptocurrency products: Don’t coddle investors.

The Republican commissioner said Sept. 12 she would view herself as a “free-range” mom, instead of a “helicopter” parent, when it comes to regulating the crypto space, allowing more freedom for financial technology innovation and investor participation.

Peirce has garnered a following among crypto supporters for her interest in making a cryptocurrency exchange-traded fund a reality. She was the only commissioner to dissent from the Securities and Exchange Commission’s July decision to deny a bitcoin ETF proposed by tech entrepreneurs ...