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SEC Commissioner Hester Peirce Breaks Silence over SEC’s Lawsuit against Ripple


solodeji
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....“I think that’s not only a problem with respect to digital assets, it’s actually a broader problem because we have this very open-ended category called an ‘investment contract. So something might be characterized as one thing by another agency, yet still be a security under our rules, and that can be frustrating for people.”

Read Also: Stern XRP Investor Moved a Huge Part of His XRP Holdings into Cardano (ADA)

“That’s why I have called for more clarity, because I actually think it can be difficult to determine whether something fits within the security bucket or not, and we could do more to provide some guideposts for what that would be.”

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click bait title and poor quality article as usual from this member.

the article links to the main source article, which specifically says this:

“"I don’t want to speak to any particular cryptocurrency, whether it’s in litigation with us or not in litigation with us. But I think everyone has to look at the facts and circumstances,” said Peirce.

Peirce declined to comment specifically on the Ripple lawsuit given the ongoing litigation, and expressed that her views were her own and not necessarily those of the SEC or her fellow commissioners." "

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Of course she can't speak about Ripple specifically, but even in the main source article it says:

 

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SEC commissioner Hester Peirce says enforcement is never good way to provide clarity

In her first public remarks since the SEC’s lawsuit against Ripple and exclusive interview with Forkast.News Editor-in-Chief Angie Lau, SEC commissioner and “Crypto Mom” Hester Peirce says the SEC can do better on clarity and that enforcement isn’t always the best way to provide guidance

 

Edited by kenrino
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