Hester Peirce: The governing body of the US President of the SEC does not include a clear definition of cryptocurrencies.

Known as the mother of cryptocurrency for many areasSEC chief Hester Peirce protests regulatory processbecause the school did not clearly identify its digital assets.

Monday, Panicce and US Seco Elad Roisman, Gensler's management companies, students are protected, and the rights of the committee. The words are called to think "shock". Based on two managers, gensler's unknown gensler's digestive resources can cause problems for the work of this field.

Pierce and Roisman say:The system does not strive to establish rules for investors and regulators to interact with digital assets (including digital assets), but remains silent on cryptocurrencies so that our legal authority cannot invest . in this application indicates that it may be necessary. Questions on areas of additional interest will continue. This silence will increase the number of fraudsters and prevent participants from complying with the law."

Under the latest regulatory framework, the US SEC will be less busy in the coming months, but will not be difficult to function properly.

--Hester Peirce (@HesterPeirce) November 13, 2021

The two added that the regulatory process delayed the exchange of transactions involving cryptocurrencies and investigated data around people after the transaction. The absence of these protections "causes data breaches", according to Peirce and Roisman.

Gensler has chaired the US SEC since April and has made several public announcements encouraging crypto companies to "discuss" concerns about token transactions that could be viewed as fraudulent. The Cointelegraph announced in August that Gensler hopes to introduce a change in the policy governing cryptocurrency related to token issuance, financial division, financial stability, surveillance, exchange and lending.

As the dominant regulator of U.S. financial services, many have criticized the U.S. SEC for meddling in the spread of cryptocurrency-related transactions. Regulators recently approved ETFs to hold Bitcoin futures contracts through investment management firms ProShares and Valkyrie, but have yet to approve other cryptocurrency ETFs.