Hester Peirce Urges Early SEC Talks on Tokenized ETFs

TheNewsCryptoPublicado em 2026-03-17Última atualização em 2026-03-17

Resumo

Hester Peirce, a commissioner at the U.S. Securities and Exchange Commission (SEC), has urged asset managers and crypto companies to engage with regulators early in the development of tokenized ETFs and other blockchain-based products. She emphasized that the SEC is open to discussing product design proactively rather than taking enforcement action after launch. Peirce encouraged direct submissions of proposals and highlighted the agency’s willingness to consider tailored exemptions for crypto firms. She also addressed the growing interest in tokenization and clarified that the SEC’s role is to ensure compliance with disclosure rules and legal limits, not to judge investment quality. The shift reflects changing perspectives on blockchain technology within the financial industry.

Hester Peirce has urged asset managers to engage regulators to clear a path for new exchange-traded structures and tokenized products.

As per the latest remarks to media and industry audiences, Peirce has publicly invited asset managers and crypto companies to come in and talk as they advance tokenized asset products, indicating that the agency is willing to engage early in product design instead of waiting until later to take enforcement action.

This quick move induced various reporters to reach out to the commissioner for further clarification. Replying to the request, Peirce mentioned that the agency wants companies to submit proposals directly as markets evolve.

Adding more to this, she highlighted the intentions of the agency for a more tailored revolution exemption for crypto firms and discussed oversight of leveraged ETFs. This was after Peirce suggested that companies advancing tokenized instruments involve the SEC during early advancement.

To break down her point for clear understanding, the commissioner further mentioned that they really want crypto firms to actively engage in dialogue with the agency regarding their intention.

The Changed Perspectives

Eventually, she made public the commitment of the SEC to collaborate with sponsors to assess market demand for these products. As per Peirce, blockchain-based securities are still under consideration by asset managers for inclusion in ETFs.

Adding more to this, she highlighted that the SEC prefers direct communication over informal compliance assumptions, further mentioning that staff expect more legal and technical questions as tokenisation surges.

Peirce evaluated that various companies showed heightened interest in tokenisation by submitting constant tokenisation proposals to the SEC. In this situation, she mentioned the perspectives of the people on blockchain technology have changed prominently recently, accepting that many individuals have approached them to highlight various advantages of tokenisation.

Regarding the focus of the SEC on highly leveraged exchange-traded funds, Peirce mentioned that the agency does not judge whether products are good investments but must make sure they comply with disclosure regulations and legal limits.

Highlighted Crypto News Today:

Zcash (ZEC) Jumps 12%: Can the Momentum Fuel a Bigger Weekly Run?

Perguntas relacionadas

QWhat has Hester Peirce urged asset managers to do regarding tokenized products?

AHester Peirce has urged asset managers to engage with regulators early to clear a path for new exchange-traded structures and tokenized products, and to submit proposals directly as markets evolve.

QHow does the SEC prefer to engage with companies developing tokenized asset products?

AThe SEC prefers direct communication and early engagement during product design, rather than waiting until later to take enforcement action.

QWhat did Peirce highlight about the SEC's approach to crypto firms and exemptions?

APeirce highlighted the SEC's intention to provide a more tailored revolution exemption for crypto firms and discussed oversight of leveraged ETFs.

QAccording to Peirce, how have perspectives on blockchain technology changed recently?

APerspectives on blockchain technology have changed prominently, with many individuals approaching the SEC to highlight various advantages of tokenization, and companies have shown heightened interest by submitting constant tokenization proposals.

QWhat is the SEC's focus regarding highly leveraged exchange-traded funds?

AThe SEC does not judge whether products are good investments but ensures they comply with disclosure regulations and legal limits.

Leituras Relacionadas

Bitcoin Falls To $61,300 As Mt. Gox Moves BTC, Raising Selloff Concerns

Bitcoin fell to around $61,300 as markets reacted to Mt. Gox moving funds, raising selloff concerns. The defunct exchange transferred 116.3 BTC (worth ~$8.16 million) directly to Bitstamp, following a larger earlier move of 10,422.65 BTC (~$739 million) to a new wallet. The trustee is working towards the final creditor repayment deadline of October 31, 2026. While most eligible creditors have been repaid, roughly 24,081 BTC (~$1.55 billion) remains under Mt. Gox control, and its on-chain movements are closely watched for potential market pressure. Bitcoin later recovered above $64,000.

bitcoinistHá 5m

Bitcoin Falls To $61,300 As Mt. Gox Moves BTC, Raising Selloff Concerns

bitcoinistHá 5m

The Allocation Value of Gold as 'Financial Insurance' Against US Debt Crisis and High Yields

This report analyzes gold's role as "financial insurance" amid high US bond yields and escalating debt concerns. Gold prices surged from ~$2,624 in early 2025 to a record high of $5,589 by January 2026, driven by five key factors: 1) Unsustainable US fiscal trajectory and debt exceeding $39 trillion, 2) Accelerating de-dollarization and central bank gold purchases (e.g., China added 8 tons in April 2026), 3) Geopolitical tensions and energy-driven inflation from the Iran conflict, 4) Record-high investment demand via ETFs, and 5) Policy uncertainty under the new Fed Chair. Gold's price is inversely related to real interest rates and the US dollar. Investors can gain exposure through physical gold, ETFs like GLD/IAU (low-cost), or mining ETFs like GDX (higher risk/return). Key risks include rising real rates, a stronger dollar, easing geopolitical tensions, and potential overvaluation after the sharp rally. The report recommends a 5-10% portfolio allocation for diversification, viewing gold as a hedge against fiscal instability and systemic risk rather than a growth investment.

marsbitHá 7m

The Allocation Value of Gold as 'Financial Insurance' Against US Debt Crisis and High Yields

marsbitHá 7m

"Unlimited Money Printing" Bug Lurked for Four Years, Privacy Coin ZEC Plummets 50% in One Day

A critical "unlimited, undetectable counterfeit" vulnerability existed for nearly four years in the Orchard privacy pool of Zcash (ZEC), a privacy-focused cryptocurrency. The bug, which could theoretically allow attackers to create unlimited fake ZEC, was disclosed by founder Zooko Wilcox on June 5th. While officially patched and deemed low-probability for exploitation, the news triggered a market panic. ZEC's price plummeted over 50% in a single day. The core crisis stems from the inability to prove whether any counterfeit ZEC was created during the vulnerability's active period, as Orchard's design inherently hides transaction details. This casts severe doubt on ZEC's total supply integrity. The sell-off accelerated after prominent investor and ZEC narrative supporter Arthur Hayes announced he had sold his entire position, citing the inability to cryptographically prove the impossibility of extra minting. Community trust eroded further upon learning the bug was discovered with AI-assisted auditing, raising questions about Zcash's development and security review processes. The incident has evolved from a price correction into a fundamental crisis of confidence regarding the network's core security promises.

Odaily星球日报Há 20m

"Unlimited Money Printing" Bug Lurked for Four Years, Privacy Coin ZEC Plummets 50% in One Day

Odaily星球日报Há 20m

Bitcoin's 'Rally Ends,' Officially Entering the Later Stage of a Bear Market?

Bitcoin prices declined 13% this week, reversing the recent rebound and signaling a likely transition into the later stages of a bear market. Key on-chain metrics deteriorated, with the short-term holder cost basis falling below the Realized Price—a pattern last seen in early 2022, characteristic of bear market maturity. The rally to ~$82k proved to be a bear market bounce, as evidenced by the 90-day realized profit/loss ratio failing to sustain above the bullish threshold of 2. Daily realized losses surged to $1.35B, including significant selling from long-term holders who accumulated near cycle tops, indicating ongoing supply redistribution. Price was rejected almost precisely at the aggregate US spot ETF cost basis of ~$83k, turning that level into resistance and leaving the average ETF investor underwater again. Spot market selling pressure intensified, with the 7-day volume delta turning significantly negative to its weakest level since February. While a major long liquidation event cleared over $400M in leverage, spot demand has not yet stepped in to absorb the resulting supply. Options markets continue pricing in higher future volatility (elevated volatility risk premium) and maintain a skew toward put options, reflecting persistent demand for downside protection, though not yet panic. Overall, market structure remains fragile. Sustained recovery likely requires a reclaim of the ETF cost basis, a shift back to positive spot demand, and a slowdown in realized loss-taking. Until then, the market risks further downside or extended consolidation within the broader bear trend.

Foresight NewsHá 49m

Bitcoin's 'Rally Ends,' Officially Entering the Later Stage of a Bear Market?

Foresight NewsHá 49m

How Risky is the "Death Spiral" of MSTR and STRC?

Summary: This article explores the perceived "death spiral" risk between MicroStrategy (MSTR), its Bitcoin holdings, and its perpetual preferred stock (STRC), drawing comparisons to the LUNA-UST collapse. While both systems feature price anchors, high yields for holders, and potential feedback loops, their core mechanisms differ fundamentally. The MSTR-STRC structure relies on continuous financing to sustain its high dividend payouts, primarily through stock ATM offerings. A negative feedback cycle could occur: falling MSTR stock price makes raising equity capital harder, increasing pressure to sell Bitcoin, which undermines STRC confidence and further depresses MSTR. However, unlike LUNA-UST's automated, direct linkage, the MSTR-STRC loop is weaker and has brakes: STRC dividends can be deferred or rates lowered, and STRC holders have a $100/share liquidation preference in bankruptcy, providing a price floor. The company's sustainability hinges on its ability to continue financing. Its current ~$900 million USD reserves cover only about 6.3 months of its ~$1.71 billion annual interest/dividend burden. The next six months are critical, aligning with both the potential bottom in Bitcoin's four-year cycle and the depletion timeline of its reserves. While a LUNA-style catastrophic collapse is deemed highly unlikely due to structural differences, the key question is whether MicroStrategy can navigate this period through healthy deleveraging to restart its capital engine.

Foresight NewsHá 1h

How Risky is the "Death Spiral" of MSTR and STRC?