- SEC Commissioner Hester Pierce said in an interview that the SEC is optimistic about new changes in 2025.
- She shared that even with a new chairman of the agency, there is still uncertainty around certain decisions.
- Pearce said the agency is likely to reconsider approving Ethereum ETF staking and in-kind redemptions of the ETF.
In a Friday interview with Coinage, Securities and Exchange Commission (SEC) Chairman Hester Peirce said the SEC is transitioning to new leadership under President Trump's new chairman, Paul Atkins. In response, he expressed his optimism regarding future regulatory changes. Peirce also highlighted the possibility of revising in-kind redemptions for crypto exchange traded funds (ETFs) and allowing Ethereum ETFs to begin staking.
Hester Pearce, pro-cryptocurrency SEC chair, could have an impact on improving the U.S. regulatory environment
In an interview with Coinage, SEC Commissioner Hester Peirce shared her thoughts on potential changes to the SEC under President Trump's pick Paul Atkins.
She described this period as a transition period and emphasized the atmosphere of optimism surrounding the arrival of the new chair.
“This is a time of transition for everyone in Washington, and I think it's the same in the SEC,” she said in an interview.
Peirce said he would like to revisit two important SEC decisions related to crypto ETFs. These are in-kind redemptions that will allow Ethereum ETFs to start staking.
These changes had little chance of being approved under outgoing Chairman Gary Gensler, but now appear more likely.
He noted that this change would also require support from other commissioners who previously opposed these two reforms.
“If you go from a majority of commissioners who don’t want things to pass to a majority of commissioners who want things to pass, then yes, it’s easier,” she said.
Peirce stressed that although uncertainties remain, the first steps toward approval can begin immediately.
He added that the new chairman needs to start working on cryptocurrency regulation from his first day in office.
“I think what will happen on day one is that we will have an acting chair appointed and then the acting chair will be able to start working on the priorities, and one of those issues will be cryptocurrencies,” Pearce said. said.
President-elect Donald Trump announced on December 4th that he has nominated Paul Atkins to replace Gary Gensler, who will resign on January 20th.
Atkins is a former SEC commissioner known for his pro-crypto stance and has created excitement in the cryptocurrency industry.
