SEC Commissioner Hester Peirce: Could have helped provide clarity on the Howey test, but didn’t do enough

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ODAILY
08-29
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Odaily Odaily News FOX Business reporter Eleanor Terrett published an article on X, revealing that U.S. SEC Commissioner Hester Peirce said she was partially responsible for the way the agency interpreted the Howey test in terms of cryptocurrency. Peirce said: "This is partly my fault. What I could have done differently was to help improve legal clarity... This is a warning to other regulators. I think the SEC and the industry as a whole have a lot of work to do."

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