
SEC Commissioner Hester Peirce, who long ago earned the nickname “Crypto Mom,” has laid out how the watchdog will regulate the digital asset industry with its new crypto task force—and did so in a letter that blasted the previous administration’s approach.
Peirce, who was announced as the new task force’s boss last month, wrote Tuesday that the SEC would take a while to get on track and regulate a fast-moving and arcane industry.
“It took us a long time to get into this mess, and it is going to take us some time to get out of it,” Peirce wrote.
But she added:
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