All crypto policy at @SECGov would not be possible without @HesterPeirce

London Grammar - Hey Now youtu.be/nMEHJPuggHQ?si…

AK - Sleepless in Berlin youtu.be/JaU2AFJY09U?si…

Such an honor and a privilege, and full-circle experience in my career to have the opportunity to work for @HesterPeirce. @SECGov and crypto policy are better for her massive contributions.

The Committee thanks Commissioner Hester Peirce for her years of distinguished service to the SEC.

Throughout her tenure, Commissioner Peirce worked closely with the Committee to help advance efforts to support capital formation and establish a clear regulatory framework for tects consumers and encourages American-led innovation.

We are grateful for Commissioner Peirce’s service and wish her continued success in the years ahead.

6/ The line I'll remember most is the simplest. In a speech last year titled "DeFining the American Spirit," she said: "Code is protected speech."

She added that if someone misuses a software protocol to break the law, "the user—not the developer of the software—should face the music."

Commissioner @HesterPeirce's dedication, intellect, and humor will be sorely missed, but her example will ever endure in the Commission’s culture and standard of excellence. x.com/i/article/2105…

That girl looks amazing. The way she moves is... captivating. And the way she plays is absolutely talented. And she's having so much fun. ♥️

@lex_node Was always there in the Interpretative Release imo, just clearer now.

To be a non-security, you need to be a Digital Commodity.

Digital Commodity requires that the system is "functional"

Functional requires no central party.

1/6 In one of her final speeches as an SEC Commissioner, @HesterPeirce made a compelling case for rethinking America's financial surveillance regime. It deserves a wide audience. 🧵sec.gov/newsroom/speec…

Hester Peirce stood up for American innovators long before it was popular, and the digital asset industry owes her a debt it can never fully repay. Thank you, Hester, for years of dissenting against regulation by enforcement and leading the SEC’s Crypto Task Force to bring clear rules back where they belong. Wishing you all the best in your next chapter.

Thank you for your leadership @HesterPeirce! I remember when I reached out to you about 10 years ago when I was new financial services committee staffer and you were at a think tank and you made time to meet with me. As great of a policymaker you are, I agree with everyone that says you are an even better person!

Commissioner @HesterPeirce's Statement on Today's @SECGov Innovation Exemption Order is one of the best characterizations of DeFi we've ever seen.

"What does the order not do? This order is not about decentralized finance. Truly decentralized systems that are driven by automated software do not give rise to the foundational concerns underlying securities regulation, namely that an intermediary you trust to act on your behalf will be foolish, careless, or compromised. An investor does not need an exemption to avail herself of permissionless smart contracts that mediate peer-to-peer trading."

Thank you, Commissioner Peirce, for your tireless leadership defending the values that matter to builders of blockchain technology and DeFi systems.

The innovation exemption is an actual thing: sec.gov/newsroom/press…

back to my better content youtu.be/mG8vLmA3fkI?si…

My thanks go to everyone who put so much effort into the CLARITY Act— across the Administration, Congress, investors, and innovators. Our collective conviction that America must continue to lead is indispensable.

I have been unequivocal: with or without legislation, we will act decisively within the SEC’s statutory authority to deliver certainty for American investors and for the entrepreneurs shaping our technological future.

Stay tuned.

The best a constructive regulator can do is revise rules, within the authorities granted by Congress, to move the ball forward. But a constructive regulator is only as effective as the extent and quality of engagement it gets from industry.

We have constructive regulators in the US (for now). Is industry engaging them enough? And where industry engages, does industry internalize the limits of regulatory power granted by Congress so as to ensure that paths forward suggested are actually feasible? I am not sure...

We've been doing some stuff for years now. sec.gov/securities-top…
Want us to do more? sec.gov/about/crypto-t…

Thomas Barrandon - Body youtu.be/82dmO9l6nNU?si…

Family Tree (Official Visualizer) - Ethel Cain youtu.be/L9I6YUWaAhw?si…