Hester Pierce is leaving the SEC…the end of the “Crypto Mom” ​​era.

[ad_1]

The most authoritative word and word of crypto within the US Securities and Exchange Commission (SEC) is preparing to leave, leaving the unfinished process unfinished for longer than many are willing to admit. The rules of stablecoins are still unwritten, the bonds of the tokenization of assets are still at the roundtable stage, and the registration requirements of the digital asset trading platform do not have a clear book of rules.

The agency must resolve all of these problems without the Commissioner, who has spent eight years insisting that these questions should be answered in accordance with the law and not a summons to court.

He announced Regent University School of Law Hester Pierce, who is known as “Crypto Mom,” will join him as an assistant professor in November 2026, completing his work at the SEC that began in January 2018. The University of Virginia announced the appointment on May 19, along with the appointment of Gregory F. Jacob, a former attorney at the Department of Labor.

Pierce publicly announced in March 2025 that he would not seek a second five-year term after it expires in June 2025, and has served on an interim basis since then. His November start date at Regent University fits perfectly with this exit plan.

Pierce’s record: Eight years of litigation that shaped the SEC’s position

It is important to understand clearly the approach followed by the Government; Under Chairman Gary Gensler, the SEC has not published regulations governing tokens, decentralized finance (DeFi) protocols, or the registration of crypto exchanges. Instead, it pursued a policy of coercion, which Pearce clearly described as “control and coercion” and criticized in opposition statements from 2020.

Pearce’s criticism was more formal than political, because he argued that enforcement produces legal effects that are limited to specific cases, and does not provide a formal, corporate guideline that allows people to follow it.

Pearce has criticized several cases of promoting activities in the crypto space, including the stabilization of the DeFi Money Market for 2021, saying that some of the projects that were targeted “were not scams but failed attempts,” and that the Commission’s approach “brings more money and creates uncertainty.” It also adopted the concept of a “safe harbor” for tokens, which gives development teams 3 years to access distributed networks before implementing secure encryption requirements. It is an idea that the Commission has not officially approved, but the lawyers of the market used it as a way to present the introduction of tokens.

His record against Spot Bitcoin ETFs remains his most famous legacy. Over the years, Pierce has publicly criticized the SEC’s repeated resistance, calling the agency’s approach “a primitive and lazy approach to innovation.” He credits the 2024 approvals, which he described as “long overdue,” in part because of the legal and political pressures that come with continued opposition. This is the result of having an internal dissident with a written record, as the dissident’s memoranda become a road map for outside lawyers and eventually the courts to follow.

Most recently, Pierce chaired the Crypto Task Force… SEC share pricewhich was launched in January 2025. The group held a public consultation, removed the previous guidelines for holding bank assets, and added members of the industry to advise on Coding frameworks And the rules of the stock exchange. This working group represents the plan he created in his last term, and now it has to work without him.

A note Hester Pierce is leaving the SEC…the end of the “Crypto Mom” ​​era. appeared for the first time Cryptonews Arabic.

[ad_2]

Source link