"I apologize", SEC Commissioner Hester Peirce on Crypto's New Rules

Hester Peirce, SEC Commissioner at publication

2026-03-19 · Marc Baumann and Sangam Bharti

Hester Peirce discusses the SEC's approach to digital assets and her experience working on crypto policy. The conversation explores the relationship between regulation and financial innovation, including the practical effects of past policy choices on businesses. Read the discussion in its March 2026 context: an interview describes the guest's views and the process at that time, while the legal status of a rule requires checking the relevant official publication.

In this conversation

• The SEC's approach to digital assets
• Regulation and financial innovation
• Policy development

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Chapters

1. 00:00 — Introduction to Hester Purse and Her Journey
2. 01:50 — Balancing Regulation and Freedom in Finance
3. 04:35 — Understanding Project Crypto and Its Goals
4. 06:54 — The SEC's Token Taxonomy Submission
5. 08:47 — Progress and Challenges in Crypto Regulation
6. 10:48 — The Shift in SEC's Stance on Crypto
7. 12:14 — Legislative Developments: Genius Act and Clarity Act
8. 15:49 — Political Influence on Crypto Regulation
9. 18:52 — Surveillance and Privacy in the Financial System
10. 22:11 — Meme Coins: Risks and Opportunities
11. 26:44 — Stablecoin Haircuts and Regulatory Guidance
12. 28:22 — Project Crypto's Institutional Credibility
13. 30:38 — The Impact of Stablecoins on U.S. Treasuries
14. 31:21 — NFTs and DeFi: Future Innovations
15. 34:26 — Learning from Past Regulatory Mistakes
16. 35:55 — Hester's Goals Before Her Term Ends
17. 37:19 — Innovation Exemption and Market Dynamics
18. 38:27 — Looking Forward: The Future of Crypto Regulation
19. 42:15 — Final Thoughts for Innovators in Crypto

Chapter labels and timestamps follow the publisher’s episode notes.