a person named 'Crypto Mom' who is also known as Hester Peirce, talked about being worried about how the SEC, which is a group of people who make sure businesses follow the rules, is trying to manage or control digital assets, like Bitcoin. she believes that maybe the SEC is trying to control these digital assets too much, which could cause problems for people who use them. she thinks there should be a better way for these digital assets businesses to follow the rules without getting into too much trouble. Read from source...

-

In the article titled `Crypto Mom` Hester Peirce Expresses Concern At SEC`s Regulatory Approach On Digital Assets: `I Worry It Can End Up Taking Away Several Benefits That Crypto Offers`, author Aniket Verma reports on SEC Commissioner Hester Peirce`s concerns about the SEC`s approach to regulating the cryptocurrency industry. Peirce, known as `Crypto Mom`, stated that the current model of engagement between the regulator and cryptocurrency companies was not working well. She expressed regret that the SEC has failed to set up a model where companies can have productive discussions and find a path forward that satisfies both commercial needs and securities laws. Peirce also expressed concern about regulatory approaches that push towards centralization in an industry that is known for decentralization.

Positive

Reasoning: SEC Commissioner Hester Peirce, known as “Crypto Mom”, expresses concern over the current regulatory approach towards digital assets and acknowledges that it is not working well. She suggests that the SEC and Congress should have a healthy debate about which aspects of the cryptocurrency space need to be regulated and by whom. This shows a positive sentiment towards the potential for constructive dialogue between regulators and the crypto industry, as well as a more balanced approach to regulation in the future.