Crypto firms may get fresh guidance from the Securities and Exchange Commission even if Congress takes its time, Republican Commissioner Hester Peirce told Bloomberg.

Peirce, also known as “Crypto Mom”, said agency staff have been working on guidance since January and that the SEC plans to use its existing authority to clarify how securities laws apply to tokens and on-chain trading.

That means rules could shift from internal memos or staff letters rather than new federal statutes alone.

Project Crypto Moves Forward

According to comments from the SEC, Chair Paul Atkins launched a program called Project Crypto to bring securities rules into line with modern markets.

Peirce said the project “is going very well” and that teams across the agency are meeting with industry leaders.

Based

See Full Page