U.S. SEC Commissioner Offers Three Suggestions on Crypto Regulation for New SEC Leadership Under Trump

 Forbes reporter Eleanor Terrett reported that Hester Peirce, a commissioner of the US SEC, mentioned "Operation Chokepoint 2.0" in an interview and outlined three things she believes the new SEC leadership under Trump needs to do to help make the cryptocurrency industry clearer:

Stop the government's regulatory Chokepoint activity, the first step being to stop this attempt to prevent cryptocurrencies from obtaining the services they need (such as custody) to move forward;

Clarify what is not within the jurisdiction of the SEC, what is not a security, and who does not need to consider the SEC's regulatory framework;

Collaborate with entities involved in cryptocurrency to try to understand how existing rules apply and where adjustments need to be made. This requires a collective exercise. It needs to be done in public so that everyone can participate. I think we can find a good starting point relatively quickly.