The Floor Is Lava: SEC’s Peirce Criticizes Crypto Rules, Calls for Clarity
SEC Commissioner Peirce compares navigating unclear U.S. cryptocurrency rules to “the floor is lava.” Peirce highlights uncertainty around asset classification and staking compliance. Commissioner Uyeda calls for broader custody options for crypto (for example, state-chartered trusts). Navigating the regulatory landscape for cryptocurrencies in the United States is like playing a high-stakes game where “the floor … Read more