SEC Commissioner Hester Peirce: Rejecting Coinbase's allegations does not mean regulatory agencies will terminate enforcement

Odaily Planet Daily News: Hester Peirce, the crypto friendly commissioner of the US Securities and Exchange Commission, stated in an article that the SEC uses bias to resolve the Coinbase case. She herself does not support actions against Coinbase and is concerned that using enforcement tools to regulate the crypto industry will become part of the SEC's larger strategy. Currently, the US Securities and Exchange Commission has established a cryptocurrency working group to interact with the public and establish a regulatory framework that serves the American public. This new approach has led to the dismissal of allegations against Coinbase, but it does not indicate that the SEC will terminate enforcement in appropriate circumstances.