Days after the U.S. Securities and Exchange Commission (SEC) dropped a significant lawsuit against Binance, world’s largest cryptocurrency exchange, the SEC commissioner Hester Peirce spilled beans regarding what made the commission look the other way in this case, but at the same time, insisting that it doesn’t give a free pass to “rip people off” in the name of crypto. In an interview with the CNBC, Commissioner Peirce spoke on a range of issues related to the crypto industry and the U.S. SEC, focussing on the imminent need to introduce a clear regulatory framework. Peirce, who was appointed as the SEC commissioner under the President Trump administration this year, made it clear that her number one agenda is to bring clarity between SEC and crypto businesses in the U.S. When asked about what made the SEC dropped its latest lawsuit against Binance, Peirce said that the agency had to take… Read More at Coingape.com

The post SEC Hester Peirce reveals why case against Binance was dropped appeared first on CoinGape.

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