US SEC Commissioner Denies Endorsing Private Crypto Firm, Here’s Why

SEC Commissioner Hester Peirce has firmly distanced herself from any perceived endorsement of private cryptocurrency projects, following claims by startup OpenVPP. The project implied collaboration with the SEC, citing a photo of Peirce with its CEO. Peirce clarified that her attendance at public events or casual interactions does not equate to official support.

"I welcome the chance to meet with crypto projects to hear about their regulatory challenges, but I do not 'work alongside' or endorse private firms," Peirce stated. The SEC maintains strict impartiality, a principle underscored by its post-1929 crash founding mission to restore market confidence. OpenVPP's now-disputed assertion involved tokenizing energy, a sector increasingly intersecting with blockchain innovation.