🏛 [Analysis] A thread on SEC Commissioner Hester Pierce's crypto regulatory speech - Patrick Berarducci

Hester Pierce's recent speech on SEC regulation practices concerning crypto assets is raising eyebrows. Crypto assets are often called investment contracts and therefore securities. Yet, a crypto asset is really only usable software, both legally and practically. If the SEC claims crypto assets are securities, they will more than likely loose in court. The years lost battling such a decision, however, would be extremely detrimental to the industry. Additionally, the SEC's concern for investors is mute: disclosures and transparency projects are common among crypto assets and only growing. The SEC has a clear answer in front of it, but its doubtful they make the right call.