Hester Peirce, a commissioner at the SEC, recently shared her thoughts on how U.S. regulators can better support the crypto industry. She laid out three clear actions they can take.

First, she believes regulators should stop blocking crypto from accessing essential services, like custody solutions. It’s crucial for the industry to have these resources to grow.

Next, Peirce emphasized the need for clarity. She said it’s important to define what is not under the SEC’s jurisdiction. This means identifying what isn’t considered a security, so companies can operate without unnecessary regulatory concerns.

Finally, she called for regulators to work alongside crypto firms. They should figure out where current regulations fit and where adjustments are needed. “This should be a group effort,” she said. “It needs to happen publicly, so everyone can get involved.”

Peirce is hopeful that with focused effort, these changes can happen quickly. While she acknowledges that it takes time, she believes progress is possible.

Alongside her fellow Republican commissioner Mark Uyeda, Peirce has often criticized SEC Chair Gary Gensler’s aggressive approach to the crypto sector. Both have disagreed with several enforcement actions taken by the SEC.

Under Gensler's leadership, the SEC has pursued high-profile cases against major crypto firms like Binance, Kraken, and Coinbase. These actions have drawn significant attention in the industry.

After Donald Trump’s recent election win, Gensler announced he would resign in January, coinciding with the inauguration of the president-elect. His term was originally set to last until 2026.