SEC Commissioner Hester Peirce Advocates for Crypto Regulatory Sandbox Amid Industry Concerns
SEC Commissioner Hester Peirce’s push for a regulatory sandbox for cryptocurrencies has drawn mixed reactions. While her pro-crypto stance marks a shift in the SEC’s approach, critics like Wormhole Foundation’s General Counsel Cathy Yoon question its feasibility. The debate intensifies around tokenized securities, which remain firmly under SEC oversight.
Yoon acknowledges the need for regulatory exemptions but warns that Peirce’s sandbox proposal may lack the rigor to protect investors. The discussion underscores the growing tension between innovation and compliance in the digital asset space.