SEC Commissioner Hester Peirce Says Washington Doesn’t Need a New Crypto Regulator

SEC Commissioner Hester Peirce Says Washington Doesn’t Need a New Crypto Regulator
Forming a single regulator to oversee crypto would not be a panacea for the industry’s regulatory woes, said U.S. Securities and Exchange (SEC) Commissioner Hester Peirce on CoinDesk TV’s First Mover Thursday.“I certainly understand the impulse to call for one regulator. I have a couple problems with it,” Peirce said. “Typically in Washington, when you build another regulator, all you get is all the existing regulators plus one.”Coinbase is among the voices calling for a new, single U.S. regulator to oversee crypto.Peirce – affectionately called “Crypto Mom” by many cryptocurrency enthusiasts for her longstanding support for the industry – has…