Known as “crypto mom,” one of the crypto-friendly U.S. government officials, Hester Peirce, has been nominated for a second five-year term with the U.S. Security and Exchange Commission. According to the Bloomberg report, Peirce took office five years ago under the Obama administration. When Trump Administration took over, the president nominated her to see out the remaining two years of her term. Her term ends on June 5. Now she has been nominated to serve another five years with the U.S. Securities Exchange Commission.
Peirce has served the U.S. government for close to two decades.
Hester Peirce is among ten other nominations sent to Senate for approval by the White House. If the Senate approves her reappointment, she will serve with the SEC in a five-year term that will expire on June 5, 2025. The law allows her to continue serving for the next 18 months while she waits for her confirmation from the Senate. “Crypto mom” Hester Peirce has served in the U.S. government for close to two decades now. She previously worked with the SEC as an attorney in the investment management division. Peirce also worked as a staff member in the Senate Committee on Banking and Housing.
Crypto Mom continues to advocate for positive crypto regulations.
Hester Peirce earned the title “Crypto Mom” in 2018 when she dissented from the SEC’s order that ruled out a proposed policy change that would allow Gemini exchange to list a BTC exchange-traded fund (ETF). She argued that the SEC’s decision contradicted its mandate. She argued that such a product would enable institutional investors to get into the digital currency industry.
Since then, Hester Peirce has continued to advocate for positive regulations for the digital currency industry. As reported earlier, the cryptocurrency advocate Democrat Jonathan Herzog is running for election to the U.S. House of Representatives in the primary against fellow Democrat Jerry Nadler.
