US SEC Commissioner Peirce: Administrators need to solve various problems in the crypto space, not limit its capabilities.

According to the Block report, the director of the United States Securities and Exchange Commission (SEC), Hester Pierce, believes that cryptocurrencies are a controversial battleground surrounding government power and personal independence. Although cryptography presents a new challenge for regulators, he said, the organization "must find ways to uphold human rights." Hester Peirce also said regulators need to redouble their efforts to address the growing problems in the cryptocurrency industry, especially financial management (DeFi), in order to strengthen regulation and comply with the law more than l 'inability.