<p>Hester Peirce, a U.S. Securities and Exchange Commission commissioner, has been nominated for another term, according to a Bloomberg report.</p> <p><a href="https://news.bloomberglaw.com/securities-law/trump-taps-secs-peirce-for-second-term-at-agency" target="_blank" rel="noopener noreferrer">The outlet</a> said that Peirce had been nominated by a second term by President Donald Trump, citing the White House. Her current term expires on June 5.</p> <p>Confirmation of a new term for Peirce must come from the U.S. Senate, which confirms nominations for key federal officials. Peirce first took office in January 2018.</p> <p>Peirce has won plaudits from cryptocurrency advocates for her public dissents when the SEC shot down past efforts to create and list exchange-traded funds tied to bitcoin.</p> <p>Earlier this year, Peirce proposed a <a href="https://www.theblockcrypto.com/post/55147/sec-commissioner-hester-peirce-proposes-a-three-year-safe-harbor-period-for-startups-conducting-token-sales" target="_blank" rel="noopener noreferrer">safe harbor period</a> that would give cryptocurrency startups more time to comply with the SEC’s securities laws. This would grant the startups a three-year grace period from their first token sale before the SEC determined whether they followed the agency’s regulations.</p>