SEC Commissioner Hester Peirce, known as "Crypto Mom," delivered a pivotal speech at the Coin Center Dinner, where she apologized for the agency's historical resistance to the cryptocurrency industry and emphasized the need for "quick progress" in establishing a clear regulatory framework.
Peirce, who leads the SEC's Crypto Task Force, outlined a significant shift from the enforcement-heavy approach under former Chair Gary Gensler to a more transparent and collaborative strategy under current leadership. She reflected on her tenure, stating, "I am sorry that over most of my tenure at the SEC I failed to convince my colleagues in government to give you a chance." This change is supported by initiatives like "Project Crypto," which aims to review and update digital asset regulations.
In a lighthearted moment, Peirce joked about creating an NFT collection post-SEC titled "The Dog’s Breakfast," featuring characters such as "CryptoMom" and "Lost-in-Law," but clarified that no actual project is underway, reinforcing her focus on policy clarity. She also shared future plans for beekeeping, humorously comparing it to her social media experiences.