Commissioner Hester Pierce: BitMEX Pursuit Is A Call For …

Commissioner Hester Pierce: The BitMEX Harassment Is A Call For All Crypto Industry Participants

Commissioner SEC Hester Pierce believes that recent actions by the American authorities against exchanges crypto derivatives BitMEX is a “bell” for the whole industries.

During the Unchained Podcast, Pierce stated, that now the participants in the international industry cryptocurrencies informed of the need to comply with anti-money laundering and identification requirements clients.

“I think the industry has received a fairly loud and clear message in the context of AML / KYC. I’m sure it will be continue. They are clearly give a message to the crypto world that when their products or services are used by residents USA, their will be prosecuted under US law “- reported it.

Pierce also affected theme bitcoin-ETF, which the would allow institutional investors to receive access to bitcoin on regulated markets and free them from the need to hold themselves assets. Previously The SEC has repeatedly rejected applications for creature such a tool, citing fears of market manipulation.

Commissioner Hester Pierce: The BitMEX Pursuit Is A Call For ...

The Commissioner does not share the department’s approach to this question: “The SEC says:“ We don’t think that investors able to accept reasonable solutions for myself, so we clean protect them from of this product ”. I see no point in this approach “.

Pierce could not give a direct answer to the question about Tom, will be whether bitcoin ETF approved ever. When this it stressed that any proposed product must comply with all established by law requirements. “In the USA, we traditionally believe in then, what people should have Liberty make decisions for yourself and be independently responsible for effects. I don’t know why not apply this principle to such areas, like a bitcoin ETF, “she added.