According to Eleanor Terrett of Fox Business, Hester Peirce, commissioner of the Securities Exchange Commission, said: "The crypto working group has started to identify what is not the SEC's domain, and it is important to understand what is the SEC's remit and what is not." Hester Peirce also said that it is important to involve the public in the rulemaking discussion, and that people affected by the rules should have the right to participate in the development of the rules.