Odaily Planet Daily reported that Fox Business reporter Eleanor Terrett published an article on the X platform, revealing that Hester Peirce, commissioner of the U.S. Securities and Exchange Commission (SEC), believes that the agency uses imprecise legal views to cover up the regulatory ambiguity in encryption. She received: "I think we (SEC) have failed to fulfill our duties as a regulator and are not precise enough, so we note that, in fact, the token itself is not a security. But in fact, we (SEC) should have acknowledged this long ago and started working hard to solve these problems encountered in the industry."