BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

SEC’s Hester Peirce Pushes for Clearer Crypto Rules Under Trump: Is This a New Era for Bitcoin and Altcoins?

Michael Juanico by Michael Juanico
December 11, 2024
in CRYPTO, OPINION, POLITICS
Reading Time: 4 mins read
6
SHARES
100
VIEWS
Share on XShare in TelegramShare on Reddit
  • SEC Commissioner Hester Peirce outlined a vision for the agency’s crypto regulatory strategy under President-elect Donald Trump, focusing on stopping practices like “Operation Chokepoint 2.0” that undermine crypto’s banking access.
  • Peirce’s reforms prioritize clearly defining the SEC’s regulatory scope over digital assets and working with crypto companies to determine how current rules apply to the industry.
  • Her remarks come amid renewed scrutiny of Operation Chokepoint 2.0, with Coinbase revealing documents it claims show evidence of efforts to limit the crypto industry’s access to financial services.

SEC Commissioner Hester Peirce has recently voiced her stance on the need for reforms in the crypto industry under the leadership of President-elect Donald Trump‘s SEC. She has outlined a vision for the agency’s crypto regulatory strategy, emphasizing the need to halt practices like “Operation Chokepoint 2.0”, which is believed to stifle crypto’s access to banking services.

Hester Peirce’s Vision for Crypto Regulation:

In a recent interview on Fox Business, Commissioner Peirce detailed three key areas of focus to address what she perceives as significant hurdles inhibiting the growth and clarity of the crypto industry. The primary target is the controversial “Operation Chokepoint 2.0” initiative, which critics argue is a government-led attempt to limit the crypto sector’s access to banking and financial services. Peirce emphasized the importance of halting these restrictive practices as a first step towards a more inclusive crypto environment.

Clarifying the SEC’s Regulatory Scope

The second aspect of Peirce’s reform plan involves clearly defining the SEC’s regulatory jurisdiction. This initiative is intended to clear up any confusion about which digital assets fall under its purview. She stressed the need for an explicit understanding of which assets are not classified as securities and, as such, do not need to adhere to the financial watchdog’s framework.

Promoting Collaboration between Regulators and Crypto Companies

Peirce’s third and final recommendation called for a more collaborative effort between regulators and crypto companies. This would help to determine how existing rules apply to the industry and where changes might be necessary. She advocated for a transparent process where all parties can participate, expressing optimism that meaningful progress could be made swiftly.

grip.globalrelay.com

Spotlight back on “Operation Chokepoint 2.0”

The Commissioner’s comments have brought renewed attention to “Operation Chokepoint 2.0”. This came after Coinbase disclosed a document in November that included FDIC pause letters, which it claims serve as proof of the crypto industry’s suppression. The exchange’s legal team contends that these letters, obtained through a Freedom of Information Act (FOIA) request, confirm underhanded tactics used by federal agencies to limit crypto firms’ access to financial services.

Calls for Investigation and Concerns about Global Impact

U.S. Representative French Hill has also pledged to probe “Operation Chokepoint 2.0”, describing it as a politically motivated debanking campaign targeting the sector. Similarly, Cardano founder Charles Hoskinson has also voiced worries about the operation’s global impact, describing it as a concerted effort to harass, fine, audit, and deny services to crypto businesses worldwide.

Conclusion

As the crypto industry continues to evolve, the need for clear and supportive regulation becomes increasingly crucial. Peirce’s call for reforms and her focus on halting practices like “Operation Chokepoint 2.0” highlight the need for a more inclusive financial framework that supports the growth and development of the crypto industry. As the dialogue around these issues progresses, it will be interesting to see what changes the Trump administration’s SEC will bring.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: cryptoDonald TrumpHester Peircesec
Tweet2ShareShare
Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

DON'T MISS THESE! HOT OFF THE PRESS

Here is What Aave’s CEO Just Revealed About the Q4 2025 Upgrade
CRYPTO

Here is What Aave’s CEO Just Revealed About the Q4 2025 Upgrade

September 17, 2025
How to Go From Zero to Your First Profitable Trade in Crypto (2025)
BITCOIN

How to Go From Zero to Your First Profitable Trade in Crypto (2025)

September 17, 2025
What Happened in Crypto Today? – September 17: Fed Interest Rate Decision, Bullish DOGE and LINK News
CHAINLINK

What Happened in Crypto Today? – September 17: Fed Interest Rate Decision, Bullish DOGE and LINK News

September 17, 2025
Jerome Powell October Rate Decision Outlook: What to Expect and How it Will Effect You
FINANCE

Jerome Powell October Rate Decision Outlook: What to Expect and How it Will Effect You

September 17, 2025
What is Arbitrum? Why ARB is an Underpriced Crypto Gem Hiding in Plain Sight
CRYPTO

What is Arbitrum? Why ARB is an Underpriced Crypto Gem Hiding in Plain Sight

September 17, 2025
Here is Why Experts Predict a 40X Rally for Pepe Coin After $25M Whale Outflow
CRYPTO

Here is Why Experts Predict a 40X Rally for Pepe Coin After $25M Whale Outflow

September 17, 2025
Load More

Related News

Here is What Aave’s CEO Just Revealed About the Q4 2025 Upgrade

Here is What Aave’s CEO Just Revealed About the Q4 2025 Upgrade

September 17, 2025
How to Go From Zero to Your First Profitable Trade in Crypto (2025)

How to Go From Zero to Your First Profitable Trade in Crypto (2025)

September 17, 2025
What Happened in Crypto Today? – September 17: Fed Interest Rate Decision, Bullish DOGE and LINK News

What Happened in Crypto Today? – September 17: Fed Interest Rate Decision, Bullish DOGE and LINK News

September 17, 2025
Jerome Powell October Rate Decision Outlook: What to Expect and How it Will Effect You

Jerome Powell October Rate Decision Outlook: What to Expect and How it Will Effect You

September 17, 2025
What is Arbitrum? Why ARB is an Underpriced Crypto Gem Hiding in Plain Sight

What is Arbitrum? Why ARB is an Underpriced Crypto Gem Hiding in Plain Sight

September 17, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews