HESTER PEIRCE: SEC CASE AGAINST LBRY ‘UNSETTLED ME’

Summary from the TLDR Crypto newsletter

SEC Commissioner Hester Peirce has expressed disagreement with the SEC's recent case against crypto company LBRY, arguing that its enforcement-driven approach to the crypto industry is flawed. She questions whether the closure of LBRY, an operational company with real-world blockchain applications, actually benefits investors or the market. For context, Peirce has consistently advocated for a spot bitcoin ETF and leniency towards crypto, emphasizing the need for clear regulations before enforcement.