The U.S. Securities and Exchange Commission (SEC) has appointed cryptocurrency advocate Hester Peirce as the head of the newly established cryptocurrency working group. Peirce, known as "Crypto Mom," is viewed as a significant positive for the industry due to her appointment. She has criticized the SEC for being overly reliant on enforcement actions and has advocated for the establishment of a comprehensive and transparent compliance framework. Peirce predicts that the SEC may approve staking-based exchange-traded funds (ETFs), which could be one of the reasons for the Ethereum Foundation's recent strategic actions regarding staking.

The U.S. Securities and Exchange Commission (SEC) has appointed Commissioner Hester Peirce, widely known as “Crypto Mom,” to lead its newly established cryptocurrency task force. Crypto journalist Zack Guzman called the appointment “insanely bullish” for the industry, noting that Peirce had previously outlined three key predictions about the future of a pro-crypto SEC, and that those predictions are increasingly likely to come true. One of Peirce’s main criticisms of the SEC has been its reliance on enforcement actions as a regulatory tool. Under his leadership, a newly formed crypto task force aims to create a comprehensive and transparent framework for compliance. “Today’s announcement to establish a task force to finally establish clear rules confirms the ‘day one’ changes he envisioned,” Guzman said. The move away from retroactive sanctions marks a potential turning point for the industry by offering a roadmap for compliance instead of vague guidelines.  Peirce has long advocated an approach that fosters innovation while protecting investors. He envisions a regulatory environment where developers and founders can create new technologies without constant fear of sanctions. Peirce Predicted Staking Could Be Allowed in Ethereum Spot ETFs in New Administration Perhaps the most significant of Peirce’s predictions involves the SEC potentially approving staking-based exchange-traded funds (ETFs), which Guzman noted could be one reason why the Ethereum Foundation recently made strategic moves regarding staking. “Peirce predicted that the SEC could possibly move ‘early’ to greenlight staking through ETFs, which would be a huge development,” Guzman said. *This is not investment advice.

The SEC has appointed Hester Peirce to lead the cryptocurrency working group to promote industry development.