Commissioner Peirce on the SEC’s ‘unimaginative’ approach to regulation

Episode 13 of Season 5 of The Scoop was recorded remotely with The Block's Frank Chaparro and SEC Commissioner Hester Peirce.

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SEC Commissioner Hester Peirce opposes her agency's recent targeting of Kraken's staking program in the US. 

"If investor protection is about just shutting programs down or preventing people from purchasing certain things — that's a very unimaginative form of investor protection," Commissioner Peirce said.

In this episode, Commissioner Hester Peirce discusses how the SEC's recent enforcement action towards Kraken is emblematic of the agency's broader attempt to regulate the crypto industry in the US through enforcement actions.

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About Authors

Davis Quinton is the Director of Podcasts at The Block and runs our flagship podcast called The Scoop, hosted by Frank Chaparro. Since joining The Block as an 'intern' in early 2022, he has worked closely with leaders across departments to translate The Block's written content into engaging multimedia formats. He holds a degree in Social Research & Public Policy from New York University in Abu Dhabi and is based in Sydney, Australia.
Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].

Editor

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