Golden Finance reported that Hester Peirce, a member of the U.S. Securities and Exchange Commission (SEC), said at an industry conference that many of the enforcement cases initiated by the SEC do not seem to have any rhyme or reason. In 2023, the SEC increased enforcement actions involving securities issuance by 48%, one of which was the agency's case against NFT publisher Stoner Cats 2 LLC. Peirce said: "I don't think its primary goal is to prevent people from buying Stoner Cats."
When asked where she sees the SEC’s “endgame” with regard to crypto, Peirce did not offer a definitive answer, saying, “We need to stick to the mandate that Congress gave us and not go beyond that.”