Called as the “Crypto Mom” for his support of the crypto industry, Peirce warned that the SEC could turn its attention to NFTs.
SEC commissioner Hester Peirce stated that creating a single regulator to regulate cryptos will not be the solution to all of the industry’s problems.
Coinbase is among those seeking a single US regulator to oversee the crypto industry.
Peirce used the following statements about the regulatory process:
SEC Might Turn to NFTs
NFTs rose in popularity in 2021 and managed to reach $22 billion in trade volume by December. NFTs could be the next target of the SEC, according to Peirce.