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According to CoinDesk, Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), has completed her term today. She served in the agency for over 8 years and voted against the committee's decisions to take enforcement actions instead of creating industry-compliant rules multiple times, and she was an early proponent of the token safe harbor proposal.Hester Peirce previously led the Crypto Task Force and stated that the SEC's duty to protect investors includes using regulatory authority to provide regulatory boundaries for the rapidly expanding digital asset industry.

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Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), announced she will resign on October 2. She published her resignation letter on social media platform X on Friday, revealing this date. Peirce is known in the industry as "Crypto Mom," having long advocated for clear rules for the crypto industry. During the tenures of Jay Clayton and Gary Gensler as chairmen, the SEC took a tough enforcement stance on crypto, while she continued to push for industry regulation. During the Trump administration, she was involved in rule-making and was appointed last year to lead the newly established SEC crypto working group.Her work in crypto encompasses policy statements and guidance on areas such as mining, staking, and meme coins, with the most important aspect being the classification and definition of various crypto assets to clarify regulatory jurisdiction. Recently, the SEC began proposing formal rules, the first being "Regulation Crypto Assets," which establishes a framework for issuing crypto assets that does not trigger strict securities regulation. The SEC also opened a path for tokenization of securities, known as "innovation exemptions," to initiate the era of securities tokenization with a five-year limited period.Peirce will become an associate professor at Regent University School of Law. After her departure, the SEC will have only two commissioners left, Atkins and Mark Uyeda, and the rules allow the two to constitute a quorum. On the same day, the SEC released a frequently asked questions document on crypto assets, addressing how to avoid triggering the "necessary managerial efforts" determination when marketing tokens, and discussing issues such as when staking receipt tokens and secondary markets are considered "promoters" of investment contracts.

SEC Commissioner Hester Peirce and SEC Crypto Working Group Chief Legal Counsel Taylor Lindman stated in a joint interview that, under the SEC's new innovation exemption, the first tokenized stock trading venues could begin to take shape as early as next quarter. Lindman mentioned that institutions expect companies to release the required notices outlining their operational plans in the coming months, which will be the first public indication of which companies intend to enter the new market. He believes there will be a lag from the announcement to the first companies submitting their notices, possibly at some point next quarter.Last week, the SEC issued a five-year conditional exemption allowing eligible platforms to facilitate the licensed trading of tokenized versions of U.S. listed stocks on public permissionless blockchains through automated market makers and liquidity pools. This relief has taken effect, but venues must issue notices and outline operations, and notify the SEC within one business day after the announcement. Lindman described this model as more on-chain finance rather than DeFi, with each venue having a designated individual or entity responsible for operations and compliance with the exemption conditions.Peirce responded to industry concerns about limits on the number of stocks and trading volumes, stating that the limits are high enough for companies to operate feasibly. She views the restrictions as an iterative approach to bringing tokenized stocks into regulated markets, with the five-year relief not being permanent but rather a bridge to long-term rules. Another potential constraint is the issuer veto right: venues must give listed companies 30 days to object before offering tokenized versions of their stocks created by non-affiliated third parties. Peirce does not expect widespread objections.

According to Forward Industries (NASDAQ: $FWDI) in a public letter, the company's General Counsel Georgia Quinn officially responded to SEC Commissioner Hester Peirce's statement on July 22, 2026, titled "Headstands and Summervaults," and proposed a three-tier vault regulatory framework centered on "management freedom" as a core variable:• Type I - Use: Developers provide out-of-the-box software, and users configure parameters themselves without registration;• Type II - Follow: Referencing the SEC's 2013 no-action letter regarding AngelList, Angels set strategies for others to follow, meeting conditions such as co-investment and information disclosure, without needing to register as investment advisors;• Type III - Advised: Involves active management, requiring registration or applicable exemptions, suggesting that the SEC and CFTC jointly regulate to avoid dual compliance conflicts.The article also presents five baseline requirements applicable to all vaults, including conflict of interest disclosure, code public audit, exclusion of disqualified persons, applicability of anti-fraud rules, and state law preemption. The article specifically notes that Peirce's statement did not mention the CFTC, and the inter-agency regulatory issues regarding mixed-asset vaults urgently need to be addressed by the SEC and CFTC.

According to the SEC official website, Commissioner Hester M. Peirce issued a statement highlighting the intersection of cryptocurrency vaults and on-chain lending strategies with federal securities laws. Peirce pointed out that migrating activities to the blockchain does not automatically exempt them from the regulatory scope of securities laws. Cryptocurrency vaults allocate user assets to yield activities such as staking and lending through smart contracts, and if the managers are involved in selecting yield strategies or reallocating assets, it may trigger compliance obligations under securities laws; some vault structures may be deemed joint enterprises or fall under the regulation of investment companies.Regarding on-chain lending strategies, management actions such as interest rate setting, asset admission, and liquidation thresholds may also involve securities laws, and related loans may be classified as securities under certain conditions. Peirce stated that the SEC welcomes proactive communication from market participants in the vault and on-chain lending space and seeks input from all parties to explore whether there is a need to revise rules to protect investors while allowing space for innovation.

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce expressed views on the future regulation of perpetual contracts, prediction markets, and digital assets, with an overall tone that is relatively positive and open.Hester Peirce reviewed the Rule 611 trading transparency proposal that has been in the works for about 20 years, pointing out that the so-called "innovation exemption" mechanism will be intentionally set to be strict and limited, in order to balance market innovation and investor protection.Hester Peirce stated that a clearer regulatory framework should be adopted for new financial products such as tokenized securities, perpetual contracts, and prediction markets, rather than simply imposing restrictions or vague regulations. She also emphasized two core principles: self-custody and financial privacy should become fundamental rights in the future regulatory system and should be incorporated into the subsequent design of digital asset regulations.

According to the official website of the U.S. Securities and Exchange Commission (SEC), SEC Commissioner Hester M. Peirce delivered a speech at the "Regulating the PETshop Series" seminar at Georgetown University Law Center, calling for the inclusion of Privacy-Enhancing Technologies (PETs) in the financial regulatory framework.She criticized the current regulatory approach for being overly inclined towards government surveillance, arguing that technology should serve to protect personal privacy rather than expand the scope of surveillance, and pointed out that blockchain public wallet addresses can reduce the risk of personal information leakage for investors while meeting compliance requirements.Peirce also invited technology teams that can minimize personal information collection while meeting KYC and anti-money laundering regulatory requirements to actively collaborate with the SEC's Crypto Task Force.

Cryptocurrency journalist Eleanor Terrett posted on the X platform that Hester Peirce (known as "Crypto Mom") will join the Regent University School of Law in Virginia as an associate professor this November, according to the latest press release from the university.Hester Peirce is currently a commissioner at the U.S. Securities and Exchange Commission (SEC) and the head of the cryptocurrency working group. The new teaching position is interpreted by the market as a signal that her term at the regulatory agency may be nearing its end.According to the announcement, she will teach courses on securities regulation, financial markets, digital assets, and public policy in her new role. Industry insiders believe this move could further impact the personnel structure and future direction of the U.S. cryptocurrency regulatory policy team.

According to The Block, U.S. SEC Commissioner Hester Peirce stated in an interview with CNBC that the regulatory agency welcomes proactive dialogue from tokenized asset management companies.Peirce mentioned that the SEC hopes to collaborate with companies trying new financial products (including tokenized tools) to explore whether the market accepts these products. She emphasized that the SEC is not a "good or bad regulator" and does not determine the quality of financial products, but must ensure that products comply with legal restrictions and disclosure requirements. Peirce noted that in recent years, as attitudes toward blockchain technology have shifted, more companies have approached the SEC regarding tokenization plans.She mentioned last week that SEC staff are studying a "narrower" innovation exemption that would allow limited experimentation with specific tokenized securities under the existing regulatory framework while maintaining investor protection. Peirce stated that as companies test these models, legal, operational, and technical issues are expected to arise, but the regulatory agency hopes to work alongside the industry to address these issues.

Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission, stated at the Investor Advisory Committee (IAC) meeting on Thursday that the SEC is developing innovative exemption provisions for tokenized securities, but the scope will be narrower than previously discussed exemption proposals.The Investor Advisory Committee IAC had previously recommended that the SEC should not adopt a comprehensive exemption approach to avoid undermining investor protections, including core mechanisms such as ownership disclosure, intermediary regulation, and order protection. Instead, it suggested targeted reforms through a rule-by-rule approach, which must undergo a public consultation process.SEC Chairman Paul Atkins stated at the same meeting that the commission expects to soon discuss innovative exemptions in order to seek to establish a timeline for a long-term regulatory framework. Tokenized securities currently must fully comply with U.S. federal securities laws, and the innovative exemption mechanism aims to allow controlled experiments with more advanced trading models while maintaining necessary investor protections.

According to Cointelegraph, Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), delivered a speech at the SEC Investor Advisory Committee on Thursday, calling for regulators to simplify the disclosure requirements for public companies and to promote innovative exemption mechanisms for tokenized securities.Peirce pointed out that public companies spend a significant amount of resources preparing mandatory disclosure documents, but the related content often fails to effectively enhance the quality of information available to investors, and may instead lead to information obfuscation. She believes that regulators should avoid excessive intervention in the market.On the topic of tokenized securities, Peirce stated that SEC staff are continuing to advance research on potential innovative exemption mechanisms to allow for limited experimental exploration of tokenized securities during the assessment period under the current securities law framework. She also noted that blockchain systems are expected to enable faster settlements and reduce reliance on traditional intermediaries in certain scenarios.

As the decline in the cryptocurrency market intensifies, another institution has chosen to exit the Ethereum ETF. According to the latest disclosed documents, Hong Kong's Apeiron Capital Limited has completely liquidated its holdings in the iShares Ethereum Trust ETF (ETHA) in the fourth quarter of 2025, selling a total of 285,400 shares for approximately $8.99 million.This ETHA position previously accounted for about 4.3% of Apeiron's assets under management (AUM) and has now been reduced to zero. This is another clear "de-risking signal" disclosed against the backdrop of a significant pullback in Ethereum and related assets. Data shows that as of January 30, ETHA was priced at $20.17, down 17.7% over the past year, underperforming the S&P 500 index by about 32 percentage points; following a recent sharp decline in the cryptocurrency market, its one-year decline has now expanded to over 30%. For the entire year of 2025, ETHA's net asset value has fallen by more than 11%. Analysts point out that Apeiron's liquidation of ETHA does not equate to a denial of the long-term value of blockchain or Ethereum, but rather resembles a reallocation choice in a high-volatility, low-return environment.As a single-asset ETF, ETHA's returns are almost entirely dependent on the price movements of ETH, which is significantly pressured during market downturns. Currently, Apeiron's portfolio is more concentrated in companies with tangible operations such as On Holding, Summit Therapeutics, and QFIN, indicating that its funds are shifting from crypto assets to targets that emphasize fundamentals.

According to Cointelegraph, U.S. SEC Commissioner Hester Peirce stated in a podcast interview that the "self-custody" of crypto assets and financial privacy are fundamental human rights. She emphasized, "Why should I be forced to have someone else hold my assets? ... People should have the right to hold their own assets."She noted that in a country like the United States, which emphasizes freedom, it is perplexing to mandate asset custody with third parties, and online financial privacy should be the default state, not the default public. These remarks come as the CLARITY Act is delayed for consideration until 2026, a bill that was originally planned to include provisions on the "right to self-custody" of crypto assets, anti-money laundering rules, asset classification, and more. Meanwhile, the industry has observed that with the launch of various crypto ETFs, some large holders and long-term investors are shifting from "self-custodying coins" to "holding in ETF form" to enjoy tax benefits and avoid the hassle of private key management. There are concerns that this may gradually undermine the crypto community's long-emphasized principle of "wallet equals sovereignty."

ChainCatcher news, according to Jinshi reports, SEC Commissioner Hester Peirce stated that the SEC is willing to cooperate with parties looking to achieve tokenization.

ChainCatcher news, Ourbit has confirmed its role as the title sponsor of the Taipei Blockchain Week 2025 (TBW2025) conference. The event is scheduled to take place from September 4 to 6, 2025, at the Songshan Cultural and Creative Park in Taipei.As one of the influential blockchain industry events in the Asia-Pacific region, Taipei Blockchain Week 2025 will focus on the theme "Onboard AI," highlighting the integration of artificial intelligence and decentralized technology.Ourbit stated that as the largest single sponsor of this conference, they will set up a booth on-site to showcase their product and technological advantages in trading speed, memecoin liquidity, and trend capturing, as well as to introduce their investments in security and organize engaging and interactive activities on-site.

ChainCatcher news, according to Crowdfund Insider, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce stated that certain token issuers need to come forward to engage in dialogue with the SEC. Peirce emphasized that tokenized securities are still securities, and market participants must consider and comply with existing securities regulations.She mentioned that tokens that do not provide holders with legal and beneficial ownership of the underlying securities could be considered a "security-based swap" product, which retail investors cannot trade outside of exchanges. Peirce stated that the SEC is ready to work with market participants to develop appropriate exemptions and modernized rules.

ChainCatcher News, SEC Commissioner Hester Peirce stated that in-kind redemptions for cryptocurrency exchange-traded funds (ETFs) may soon be realized.During a panel discussion at the Bitcoin Policy Institute on Wednesday, Peirce was asked whether the SEC would approve physical creation and redemption, and if this was "imminent." She responded, "These (applications) are going through the process... so I think at some point it will definitely be 'imminent.' I can't predict, but we've heard a lot of interest."

ChainCatcher news, according to CNBC, U.S. SEC Commissioner Hester Peirce recently stated that meme coins like the TRUMP token are not within the SEC's regulatory scope, and investors should not expect regulatory protection.Peirce told CNBC, "This situation is similar to what happened during the NFT craze in 2021. They are not securities, but their value fluctuates based on the activities of investors in the market. The SEC missed the opportunity to publicly announce that it would not intervene."In an interview at the Bitcoin 2025 conference in Las Vegas, Peirce pointed out, "Almost anything can be packaged as a security. But overall, it makes sense to let people know that I shouldn't expect the SEC to provide protection in this area."