Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), is reportedly stepping away from the opportunity to become SEC Chair during the Trump administration to lead a crypto task force. Known as “Crypto Mom,” Peirce aims to address the needs of the cryptocurrency industry through her new role.
Peirce Assumes Leadership of the Crypto Task Force
Peirce will complete her term in June 2025. However, sources indicate that she prefers not to take on the SEC Chair position. Supporters within the crypto industry argue that her appointment would be an excellent choice.
“She would be the best choice. Intelligent, fair, and professional. She can work with both sides.” – Brian Armstrong, CEO of Coinbase
Approaches to Cryptocurrency Regulation
Peirce advocates for “safe harbors” in the crypto world, supporting regulatory oversight for companies working with evolving technologies like blockchain and artificial intelligence. She emphasizes the need to eliminate fears of regulatory actions without criminal implications.
Among potential candidates for the SEC Chair position is Dan Gallagher, Chief Legal Officer of Robinhood, known for his crypto-friendly stance advocating for the recognition of digital assets as a unique asset class. Additionally, Republican SEC Commissioner Mark Uyeda has expressed a desire to alter the SEC’s approach to crypto, aiming to end the agency’s war against it.
Ripple 
$2 CEO Brad Garlinghouse has also called for positive steps regarding crypto within the first 100 days of the Trump administration. Peirce’s leadership of the crypto task force could contribute to a more flexible and supportive SEC approach to cryptocurrency regulations.
The crypto community closely monitors who will fill the SEC Chair position, hoping for a leader attuned to the industry’s needs. The steps the SEC takes regarding crypto regulations are crucial for the sector’s growth and openness to innovation, with Peirce’s task force potentially playing a significant role in maintaining balance in this area.
