Hester Pierce: DeFi Needs “Freedom to Experiment”

SEC Commissioner Hester Peirce is once again using her platform as one of the country’s top securities regulators to advocate for more “freedom” for the cryptocurrency industry. And this time, she has her sights on specifically on the growing decentralized finance space.

Peirce, affectionately known as “Crypto Mom” among industry observers, told law students at George Washington University in a speech on Monday that decentralized finance (that’s DeFi, for short) faces unique regulatory challenges that need to be addressed in order for it to fulfill its promise of “democratization, open access, transparency, predictability, and systemic resilience.”

Keep reading Decrypt