Cryptocurrency startups and traders fighting stricter regulation think they have their champion. They call her CryptoMom.
Hester Peirce, a Republican member of the Securities and Exchange Commission with libertarian leanings, has made waves with a number of contrarian positions since joining the agency last January. She has drawn attention for frequent votes against enforcement actions and calling on the SEC to moderate how it levies fines against companies and some individuals accused of wrongdoing.
But it was the vote she cast in July—the lone one in favor of allowing what would have been the first retail investment fund tied to bitcoin—that won her the maternal moniker from traders eager to see easier access to the cryptocurrency.
‘Enforcement 40’ for 2020
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