SEC Commissioner Hester Peirce: Dismissal of Coinbase Charges Does Not Signal Regulatory Enforcement Retreat

BlockBeats News, March 1st, U.S. Securities and Exchange Commission crypto-friendly commissioner Hester Peirce stated that the SEC approached the Coinbase case with bias. She does not support the action against Coinbase and is concerned that using enforcement tools to regulate the crypto industry will become part of a larger SEC strategy.

Currently, the U.S. Securities and Exchange Commission has engaged with the public through the establishment of a cryptocurrency working group to develop a regulatory framework to serve the American public. This new approach led to the dismissal of the charges against Coinbase, but it does not indicate that the SEC will cease enforcement actions when appropriate.