🚨#crypto

The crypto industry is not happy with the renomination of Hester Peirce, a current SEC Commissioner, for the following reasons:

1 . Lack of Clear Regulatory Framework: The crypto industry desires a clear and comprehensive regulatory framework that promotes innovation while protecting investors. They believe Peirce hasn't been vocal enough in advocating for such a framework.

2 . Aggressive Enforcement Actions: The SEC, under Chair Gary Gensler, has taken a more aggressive stance towards crypto, launching numerous enforcement actions against various crypto projects. While Peirce has sometimes dissented from these actions, the industry feels she hasn't done enough to curb the SEC's regulatory overreach.

3 . Desire for a More Pro-Innovation Approach: The crypto industry seeks a regulator who is more open to innovation and willing to adapt to the rapidly evolving nature of the industry. They believe Peirce hasn't fully embraced this approach.

It's important to note that while the crypto industry may not be entirely satisfied with Peirce's performance, she is generally considered one of the more pro-crypto voices within the SEC. However, the industry's growing pains and the evolving regulatory landscape have led to heightened expectations and demands for a more supportive regulatory environment.