Peirce, for her part, said Monday she doesn’t know if fighting these cases is the best use of resources for the commission.
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“You don’t gamble when you go into the courtroom. You have to be very confident that you have a strong legal case going in, so I do worry that some of the things that we’re doing in the crypto space could have adverse effects on the rest of the agency’s work, both in terms of taking resources away from important work, but also in terms of setting precedents that are that are not [what we should set],” she said.
Rather than regulating by enforcement, she said, “Isn’t it better if, as we see things developing … why don’t we go ahead and help people by thinking through some of the issues ahead of time? And I think that would give people who are really just trying to build the technology … it would allow them to just kind of do their thing, understanding the general parameters. I think it’s just a much more efficient way to regulate rather than trying to do this through enforcement.”
Source: SEC’s Peirce questions if crypto court fights are best use of resources | Banking Dive
