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SEC Commissioner Hester Peirce: Dismissing Coinbase Charges Does Not Mean Regulators Will End Enforcement

Hester Peirce, the Crypto-Friendly Commissioner of the Securities Exchange Commission, wrote that the SEC solved the Coinbase case through bias. She herself does not support the action against Coinbase, and is concerned that using enforcement tools to regulate the crypto industry will become part of the SEC's larger strategy. Currently, the Securities Exchange Commission has interacted with the public by establishing a cryptocurrency working group to establish a regulatory framework that serves the American public. This new approach has promoted the dismissal of the charges against Coinbase, but it does not indicate that the Securities Exchange Commission will terminate enforcement under appropriate circumstances.