On February 3, 2022, during an exclusive interview with Yahoo Finance, SEC Commissioner Hester Peirce acknowledged that the SEC has not established workable rules for cryptocurrency exchanges as they currently operate and noted that she has yet to see any formal, direct proposals for regulating cryptocurrency exchanges or cryptocurrency in general on the SEC's agenda this year. After sharing her view that the SEC should establish cryptocurrency frameworks based upon the SEC's rulebook and existing statutory authority, Peirce remarked, "I just don't see it on the horizon based on what's in the regulatory agenda. And that leads me to fear that a lot of this work is going to be done through enforcement."
The full interview transcript is available here.
DISCLAIMER: This article was originally published by McGonigle PC prior to their combination with Davis Wright Tremaine LLP. The article is published here with permission.