US SEC Chief Peirce: The crypto industry must comply with US AML and KYC regulations.

According to the Cointelegraph, United States Securities and Exchange Commission (SEC) Commissioner Hester Pierce told Unchained Podcast that the United States Department of Justice (DOJ) and the US Commodity Futures Trading Commission (CFTC) recently filed a complaint against BitMEX. Recent crypto market conversation regarding US Financial Protection (AML) and Know Your Consumer (KYC) policies why the crypto industry "will obey US laws if you have products and services that deal with US consumers ". Hester Peirce also spoke about the SEC's clear rejection of Bitcoin exchange-traded funds (ETFs), but noted that this was unfair to investors.