US SEC Commissioner: Congress is actively considering the issue of stabilizing the currency

It is reported that Hester Peirce, the commissioner of the US SEC, said on social media that he received many questions about the stable currency and the SEC, which are of course facts and circumstances, but the SEC should follow the opinions of the Congress, which is actively considering this issue. At the same time, we and other regulators can hold open round tables. Compulsory measures are not the way of making rules.

Interpretation of this information:

The message delivered by Hester Peirce, the SEC commissioner of the US, suggests that the commission has been receiving questions about stable currency and its regulation. However, Peirce pointed out that the SEC should follow the opinions of Congress, which is currently taking this issue into account. Therefore, the SEC is expected to make decisions considering the decisions of Congress.

Peirce emphasized that holding open round tables with other regulators is the most effective way to reach a consensus on stable currencies, instead of imposing compulsory measures. This indicates that the SEC is open to working with other regulatory bodies to establish a consistent regulatory framework for the realm of stable currencies.

In summary, the three keywords for this message are as follows:

1. Stable currency: The focus of the message is on the regulation of stable currency, which refers to cryptocurrencies that have stable values ​​backed by existing assets. The message indicates that the SEC is considering the regulation of stable currency, and that they should follow the opinions of Congress.

2. Open round tables: The message highlights the collaborative approach that the SEC prefers to take. Rather than imposing unilateral rules, the SEC prefers to hold open roundtables with other regulatory bodies to establish a coherent regulatory framework.

3. Compulsory measures: The message suggests that the SEC would rather avoid imposing strict regulatory measures, and instead prefers to collaborate with other regulatory bodies to establish a framework that works for everyone.

Overall, Peirce’s message implies that the SEC is open to discussion with other regulatory bodies when establishing a regulatory framework for stable currencies. Moreover, their regulations will most likely consider Congress’s opinions, and the SEC will not be strict and impose compulsory measures.