Hester Peirce, Nic Carter: The Government vs. Cryptocurrencies
Today’s Reason Interview podcast has double the hosts and double the guests.
Every Thursday at 1 p.m. Eastern, Zach Weissmueller and I host a live interview on Reason‘s YouTube channel. Today’s episode is pulled from our recent conversation about government regulation of cryptocurrency and related matters that we had with Hester Peirce, a renegade commissioner at the Securities and Exchange Commission (SEC), the Depression-era agency whose task it is to supposedly “protect investors,” “maintain fair, orderly, and efficient markets,” and “facilitate capital formation.”
When the SEC recently fined the cryptocurrency exchange Kraken for supposedly offering an unregistered security, Peirce publicly broke with her colleagues, denouncing the decision as “paternalistic and lazy” and sadly representative of the government’s unwillingness to issue clear regulations governing bitcoin and other cryptocurrencies. We talk with Peirce, who used to work at the Mercatus Center at George Mason University, about why she believes the SEC is overreaching when it comes to crypto regulations and what good regulations might lo
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