SEC Commissioner Hester Peirce Reflects On Howey Test Interpretation

According to Odaily, FOX Business reporter Eleanor Terrett revealed on X that U.S. SEC Commissioner Hester Peirce acknowledged her partial responsibility for the agency's interpretation of the Howey Test in relation to cryptocurrencies. Peirce stated, 'This is partly my fault. One thing I could have done differently is to help improve legal clarity... This serves as a warning to other regulatory bodies. I believe the SEC and the entire industry have a lot of work to do.'