Hester Peirce, a commissioner on the Securities and Exchange Commission , says that after a terrible year, industry players need to remember what crypto is really about.down some lessons to be learned from the issues that the crypto industry had to face last year. According to the commissioner, 2022 was a “terrible, horrible, no good, very bad year” for both the crypto space and regulators. However, Peirce believed there are valuable takeaways from the series of problems that arose last year.
In addition, the SEC commissioner underscored that the industry must always keep in mind that crypto is not about driving the prices up and dumping tokens to someone else. Peirce highlighted that the industry must remember that the underlying technology is about “solving a trust problem” and how people can interact and transact with people they don’t know. She explained that:
Indeed, Rome wasn't built overnight either!
For a start I deposited £2000 to test the waters, in 7days I got a return of £25,000 her diligence and honesty is undeniable CryptySophia via Telegram
That should be the case
Agreed! The DeFi space is driving immense innovation in the crypto space. We need to ensure these projects are responsible and decentralized to help everyone access the benefits of a digital economy.
“Crypto’s value proposition depends primarily on the builders of this tech, not on regulators like me, who lack tech expertise & stand on the periphery looking in.”👀 What?🤣 May be time for SEC to talk positively with blockchain builders instead of attacking with lawsuits.
Actually it is... Not much difference from stocks lmao
Great statement
No that's the stock market's job