Hester Peirce: U.S. to Rethink its View on Cryptocurrencies in 2021

"Cryptomom" Hester Peirce of the SEC gave a speech at the event, which was organised by representatives of the British Blockchain Association

In general, Peirce, as before, has a positive view of the cryptosphere. She believes that the authorities spend a lot of time searching for problems that can lead to the use of cryptocurrencies. At the same time, the obvious advantages that cryptocurrencies promise are overlooked.

Officials need to pause to take a closer look at cryptocurrencies. They have many advantages such as ease of storage, transfer and access.

The disproportionate attention to the illegal use of cryptocurrencies and the underestimation of their potential advantages is one of the clearest examples of how irrational Governments are. Peirce hopes that in 2021 the U.S. regulator will be able to turn the tide and change it for the better.

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