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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/sec-official-hester-peirce-calls-for-increased-decentralization-in-u-s-financial-network">SEC Official Hester Peirce Calls for Increased Decentralization in U.S. Financial Network</a><br></p>
<p style="text-align: justify"> At the recent ETHDenver conference, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce voiced her support for a less centralized U.S. financial system and a more lenient framework towards <a href="https://en.bitcoinhaber.net/the-dawn-of-digital-currency-bitcoins-emergence-post-2008-crisis">cryptocurrency</a> regulation. Known for her pro-crypto stance and critical view of overregulation, Peirce, often referred to as “Crypto Mom,” engaged in a discussion with CNBC’s MacKenzie Sigalos, expressing her viewpoint on the advantages of a decentralization in <a href="https://en.bitcoinhaber.net/advancing-cbdcs-and-tokenization-bis-sets-ambitious-2024-agenda">finance</a>. </p> 
<h2 id="advocating-for-financial-resilience-through-decentralization">Advocating for Financial Resilience through Decentralization</h2> 
<p style="text-align: justify"> During her conversation, Peirce challenged the notion of centralization, suggesting that a decentralized financial system could enhance resilience and strength. She touched upon legislative initiatives targeting decentralized technologies, such as blockchain nodes and validators, pointing out the potential impacts of categorizing these technologies as financial institutions. </p> 
<h2 id="navigating-the-complex-intersection-of-sec-regulation-and-defi">Navigating the Complex Intersection of SEC Regulation and DeFi</h2> 
<p style="text-align: justify"> The dialogue also included an exploration of the SEC’s recent rules requiring increased registration and compliance from a broader range of market participants, effectively expanding oversight over the decentralized finance (DeFi) sector. Peirce argued for a regulatory environment that fosters growth and decentralization without the looming threat of enforcement action. The SEC commissioner elaborated on the agency’s current approach, stressing the need for a paradigm shift as the sector grapples with the decentralized nature of cryptocurrency operations and the challenge of adapting traditional regulatory strategies. </p> 
<p style="text-align: justify"> In addition, Peirce discussed a spectrum of crypto-related subjects, including the future of the SEC in light of the upcoming U.S. presidential elections, the possibility of spot <a href="https://en.bitcoinhaber.net/ecb-officials-criticize-bitcoins-investment-suitability-and-market-volatility">Bitcoin</a> exchange-traded funds, central bank digital currencies, and the broader implications of government oversight in the financial domain.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/sec-official-hester-peirce-calls-for-increased-decentralization-in-u-s-financial-network">SEC Official Hester Peirce Calls for Increased Decentralization in U.S. Financial Network</a></h5>

SEC Official Hester Peirce Calls for Increased Decentralization in U.S. Financial Network

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