‘Crypto Mom’ Hester Peirce against SEC’s Stance on Bitcoin

The Head Commissioner at SEC, Hester Peirce who is now known as ‘Crypto Mom’ is revolting against the decision of putting stance on Bitcoin by SEC. Peirce is among those who are optimistic with the new technology and she believes that it is a part of a growing revolution and are going to have a long-term positive effect and will turn out to be ultimately beneficial.

With the vision that she has for the blockchain technology and cryptocurrency, it is quite clear that she is the glimmer of hope within the SEC as the organisation continuously seems to take the decision against the growth of cryptocurrencies.

Hester Peirce is known for her caring and believing nature for the community and this could be the possible reason for her title ‘Crypto Mom’ and she has taken the title on board and she is quite happy about it. Her belief on bitcoin is strong and she states that bitcoin is still in its early stage and it requires some time to mature and after that, the SEC would be able to understand the true potential and the advantages that cryptocurrencies present. the intrinsic advantages that cryptocurrencies present.

The head commissioner at SEC stated that:

“In response to my dissent, I was informally dubbed CryptoMom. I always have wanted to be a mother, so acquiring this new title was quite an honour. Admittedly, this is not the form of motherhood I envisioned, but one of the wonderful aspects of motherhood is that children are quite different than their mothers anticipated they would be.”

She seems to be the one among the organisation that wants the blockchain technology to nurture and grow further. After her comment on the title which she happily accepts, she added:

“Peirce then went on to say that when it comes to the crypto regulation, the SEC still has some distance to cover to fully relate to investors’ enthusiasm. Speaking of the issue of ETF rejections, the commissioner said that the decision was made with good intention. However, she added, the regulatory body should also consider how its stringent policies could potentially backfire by discouraging investors, innovators, and other stakeholders.”

While she is not in the position to challenge the SEC directly, the crypto mom is definitely doing a great job of reminding the organization of their irrational judgements on cryptocurrencies.