# 163 - What SEC Commissioner Hester Peirce Thinks About the SEC

*Author: Ryan Sean Adams, David Hoffman*
*Published: Mar 16, 2023*
*Source: https://www.bankless.com/163-what-sec-commissioner-hester-peirce-thinks-about-the-sec*

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Hester Peirce is one of five SEC Commissioners. She's been a Commissioner since 2018, with her term ending in 2025. Peirce, a previous podcast guest of Bankless, consistently makes first principles statements and is known to often dissent for her colleagues on crypto-related actions…we talk about that in today’s episode. These are a couple of many reasons why we enjoy her and her guidance so much.  

We’re three months into 2023 in one of the worst regulatory environments we’ve seen for crypto in the United States. In today’s episode, SEC Commissioner, Hester Peirce shares some insight on what could crypto be like if we had a first principles SEC, what a security is and how we can define it, and how can crypto take its share of the responsibility to move this industry forward. 

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### TIMESTAMPS
0:00 Intro

8:25 Thoughts on Bank Crisis

9:30 Why We Need the SEC 

11:40 Information Asymmetries

13:20 Healthy Crypto/SEC Relationship

17:15 SEC Security Definition 

20:52 Security Catch-22 

25:40 Expanding Jurisdiction 

28:35 SEC Advocation 

35:03 Dissent SEC Sway

39:36 Kraken Staking 

43:36 Guidance vs. Enforcement 

46:15 Stablecoin Status 

47:43 What Crypto Could Be Doing Better?

51:12 Decentralization 

53:49 Self-Regulation 

55:24 Duke Speech 

57:59 Closing 

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### RESOURCES
Hester Peirce

https://twitter.com/HesterPeirce