Odaily Planet Daily News FOX Business reporter Eleanor Terrett published an article on X, revealing that Hester Peirce, commissioner of the U.S. SEC, said she was partly responsible for the way the agency interpreted the Howey test in terms of cryptocurrency. Peirce said: "This is partly my fault. What I could have done differently was to help improve legal clarity... This is a warning to other regulators. I think the SEC and the industry as a whole have a lot of work to do."