Speaking at a cryptocurrency summit hosted by Solidus Labs in New York, SEC Commissioner Hester Pierce expressed confidence that digital assets will continue to grow.
Pierce said that she looks at cryptocurrencies and other digital assets as “transactional mechanisms.” At the same time, she believes that the function of preserving wealth is one of the most important for this kind of asset.
“I believe that preserving value is a really important function. I think that as technology changes and develops, digital assets will become real Internet money, ”said a member of the US Securities and Exchange Commission.
Pierce also agreed that the United States is becoming less competitive in the cryptocurrency field due to the slow change in the regulatory framework and the attitude of regulators towards new technologies.
“When I joined the SEC, I hoped to change the Commission’s attitude to innovation. But I immediately realized that it would be very slow, ”she said, adding that the SEC needs to think about how to use its power resources in the cryptocurrency field.
In August, Pierce said that US regulators will continue to study international experience in the cryptocurrency field.
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