The SEC stated the need to soften the approach to cryptocurrencies
Earlier, she called for the approval of the spot Ethereum-ETF, without bringing the consideration to the trial.
The US financial system needs greater decentralization. The SEC's regulation and enforcement of digital assets needs to be mitigated, department Commissioner Hester Pierce said during the ETH Denver conference.
"Centralization means that you have concentrated risks. Decentralization can give the financial system stability and strength," Pierce said.
The official expressed concern about the bill under discussion, which is aimed at giving the status of an institution to nodes, validators, non-custodial wallets, mining pools and software.
Pierce also commented on the agency's position on extending the dealer rule to the DeFi sector.:
"The whole concept of decentralization is very different from what we are used to at the SEC. When someone in the team interacts with the code, and not with an individual or a legal entity, this becomes a real problem for the Commission."
According to Pierce, the agency is currently in "enforcement-only" mode. It is necessary to have provisions that allow projects to grow and become decentralized without the threat of prosecution, she added.
Source: https://forklog.com/news/v-sec-zayavili-o-neobhodimosti-smyagcheniya-podhoda-k-kriptovalyutam
