United States Securities and Exchange Commission (SEC) Commissioner Hester Peirce recently spoke on innovation in cryptocurrencies, vocation regulators too paternalistic.

DACOM Summit

At the Digital Asset Compliance and Market Integrity (DACOM) Summit in New York now, Sept. 26, Commissioner Peirce led a Q&A session that featured deep dialogue of the way forward for regulation for crypto property.

Hosting the summit have been regulation agency Hogan Lovells and Solidus Labs, a market surveillance software package supplier.

Crypto Mom

Peirce’s benign perspective in direction of digital property has attained her the cognomen Crypto Mom, in direction of which she expressed some fondness originally of her look at now’s summit:

“It’s been an honor to be adopted by a group of people who are really thinking in such exciting and stimulating ways and trying to entertain ways to change the world.”

Regarding cryptocurrencies, she foreseen now that:

“As technology changes, we’ll see them becoming much more the money of the internet.”

In different feedback, the commissioner expressed a point of frustration with the tempo of the SEC’s regulation, locution “Frankly, sometimes the SEC necessarily a push from Congress.” She continued:

“If you want a government that’s more forward-thinking on innovation, that means that if something goes wrong, you can’t go running back to the government and say ‘Hey, you didn’t protect me from myself!’ […]I think we need to be a bit less paternalistic.”

Hearing earlier this week

As Cointelegraph reported on the time, a number of commissioners from the SEC together with Peirce testified earlier than the House Financial Services Committee on Tuesday, Sept. 26. Peirce’s comment on the time expressed related suspicion in direction of restrictive overreach.

As the commissioner phrased it on the time, she promoted a philosophical system of “restrictive humility,” the necessary to “always be asking if what we’re doing is right.”