The Securities and Exchange Commission doesn’t understand cryptocurrencies, is unfair, and is out of touch with what its own commissioners are saying in public.
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SEC Commissioner Hester Peirce speaking at New York University, March 26, 2019 (photo by Lawrence Lewitinn for Modern Consensus).Crypto Mom says SEC takes nanny state approach
SEC Commissioner Hester Peirce thinks regulatory overreach is hindering cryptocurrency innovation
Hester Peirce doesn’t want the government to protect you from dumb cryptocurrency investments. Speaking at a taping of Laura Shin’s Unchained podcast at NYU’s Stern School of Business on March 26, the Securities and Exchange Commission’s “Crypto Mom”—a nickname she picked up after dissenting from the commission’s June 2018 decision not to approve a cryptocurrency exchange traded fund (ETF)—expressed a belief that her agency should be focused on protecting securities investors from fraud, not hindering speculation.
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The 2019 Modern Consensus 100 Most Influential People in Crypto
The individuals moving, shaking, and shaping cryptocurrencies and blockchain technology right now
Who are the most influential people in crypto today? It’s one we often contemplate at Modern Consensus and, with the start of the year, we thought we’d try to answer it as best we can—with a list, of course.
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As the US dithers on regulating cryptocurrencies, other regions move forward
Support for blockchain technology is stronger both in the US and abroad
Cryptocurrency and blockchain enthusiasts were excited about the announcement this week that President Donald Trump plans to name Office of Management and Budget Director Mick Mulvaney, a longtime supporter of cryptocurrencies and blockchain technology, as his interim White House chief of staff before the end of the year. As a congressman, Mulvaney was a co-founder of the Congressional Blockchain Caucus. When it comes to actually embracing cryptocurrencies, the U.S. has been generally skeptical. As a recent opinion piece in the Harvard Business Review by law firm Jones Day blockchain initiative leaders Stephen J. Obie and Mark W. Rasmussen noted: “Without clear regulations, cryptocurrency innovation in the United States is being stifled.…
