DeFi will present good regulatory check for SEC, says Commissioner Peirce By Cointelegraph


DeFi will present good regulatory check for SEC, says Commissioner Peirce

Hester Peirce, the commissioner for the U.S. Securities and Trade Fee identified by the nickname “Crypto Mother,” welcomes the problem of regulating decentralized finance.

In a speech for a George Washington College Regulation Faculty occasion on the digital financial system, Peirce mentioned decentralized finance, or DeFi, might be the choice legacy monetary system many are looking for given the surge in anti-Wall Road sentiment surrounding the quick squeeze of GameStop (NYSE:) shares. The SEC commissioner mentioned the know-how might present a “superb check” for the regulatory physique in defending buyers and markets.