U.S. SEC Commissioner Hester Peirce: Dismissing Coinbase's allegations does not mean that regulators will end enforcement

Odaily Planet Daily News Hester Peirce, a crypto-friendly commissioner of the U.S. Securities and Exchange Commission, said in a post that the U.S. SEC resolved the Coinbase case through bias. She personally does not support the action against Coinbase and is worried that using law enforcement tools to regulate the crypto industry will become part of the SEC's larger strategy. Currently, the U.S. Securities and Exchange Commission has interacted with the public by establishing a cryptocurrency working group to establish a regulatory framework that serves the American public. This new approach has promoted the dismissal of charges against Coinbase, but it does not indicate that the U.S. Securities and Exchange Commission will terminate enforcement where appropriate.