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Hester Peirce: Digital assets become much more the money of the internet

Hester-Peirce-much-more-the-money-of-the-internet Hester Peirce | SEC Commissioner

Speaking at a cryptocurrency summit hosted by Solidus Labs in New York, SEC Commissioner Hester Peirce expressed confidence that digital assets will continue to grow.

Peirce said that she looks at cryptocurrencies and other digital assets as "transactional mechanisms." At the same time, she believes that the function of preserving wealth is one of the most important for this kind of asset.

"Store of value, I think, is a really important function. I do think that we'll see as technology changes, that they become much more the money of the internet," said a member of the US Securities and Exchange Commission.

  Peirce also agreed that the United States is becoming less competitive in the cryptocurrency field due to the slow change in the regulatory framework and the attitude of regulators towards new technologies.


"When I came to the SEC one of my hopes was to help change the way it addresses innovation. In my first round I saw it was slow," 

she said, adding that the SEC needs to think about how to use its power resources in the cryptocurrency field.

In August, Peirce said that US regulators will continue to study international experience in the cryptocurrency field. 

SOURCE

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