Peirce, one of the most prominent crypto advocates in US regulatory agencies, has long been calling for regulators to come up with clear rules that will allow individuals and businesses to invest in crypto assets without fearing they will break the law. She has earned the moniker “Crypto Mom” after she publicly dissented on SEC’s decision to reject an application for a bitcoin exchange-traded fund filed by Gemini founders Tyler and Cameron Winklevoss.
Call for clear crypto regulations
In a new interview with Reuters, she again reiterates the need for clear rules and regulations for the crypto space amid news of large firms adding cryptocurrencies to their balance sheets. Tesla recently revealed in an SEC filing that it bought $1.5 billion in Bitcoin and plans to accept the flagship cryptocurrency as means of payment for its products. BNY Mellon, America’s oldest bank, also announced that it will start financing BTC and other digital assets. Mastercard also said it will allow its network to support some cryptocurrencies.
Bitcoin sustains bullish run
Bitcoin sustains its bullish run as big companies leap into digital assets, enticing individual investors and businesses to explore the crypto space. On February 12, 2021, the king coin soared past the $49,000 mark. At the time of writing, the leading cryptocurrency is worth $48,977.97, according to data provided by Coinmarketcap.com.
