Hester Peirce: SEC is waiting for the chairman to be appointed before setting the cryptocurrency regulatory agenda

Odaily Planet Daily News Hester Peirce, head of the U.S. SEC's cryptocurrency working group, said in a speech at a Federalist Society panel that it is "premature" for the SEC to start formulating a cryptocurrency regulatory agenda before the Senate confirms the chairman. On January 20, after Gary Gensler left office, Mark Uyeda served as acting chairman, but the Senate is expected to vote soon on President Trump's nomination of former SEC Commissioner Paul Atkins. Peirce added: "Acting Chairman Uyeda is doing a good job and the agenda is working-we are not stopping work, but we assume that if Atkins is confirmed as chairman, he will soon take office and set the agenda." She also said that the SEC is "trying to figure out" the way forward for formulating digital asset rules. The Court of Appeals issued a ruling in January that it would not order the SEC to formulate clear rules for cryptocurrency companies, but basically agreed with Coinbase's position that the SEC made an "arbitrary and capricious" decision in rejecting the rule-making request. (Cointelegraph)