A noted crypto defender at the United States Securities and Exchange Commission has spoken to the end of her term scheduled for June, every bit well every bit the relationship between a potential digital dollar and independent crypto.

A digital dollar and other stablecoins

In an April 28 webstream with Crypto Finance Conference St. Moritz, Commissioner Hester Peirce, sometimes known as CryptoMom, addressed the increasingly visible part of a potential digital dollar, but doubted that information technology posed a threat to digital currency in particular.

"Information technology's a natural progression that they're going to recall 'hey, should nosotros digitize our currency, and if so will that exist good or bad for our ability to play our office as a central bank,'" said Peirce. "I don't remember that means that other types of digital currencies that are privately developed are going to disappear."

In that location are, however, issues of trust and privacy at play with cardinal depository financial institution digital currencies:

"You demand to think nigh privacy bug if you're creating some sort of digital currency. I recollect that'southward a really important question for a society to ask because people don't really experience comfortable with the government — or anybody else — monitoring their transactions."

Peirce is scheduled to leave her post in June

In response to a question about the end of her term, which is coming in June, Peirce suggested that that may not be the end "You tin can stay on until they put someone else in your seat," she said.

Peirce is the crypto manufacture'south most visible ally inside the SEC, and then her coming departure concerns many. In response to a question most the community losing its CryptoMom, Peirce joked, "I think information technology should exist a whole committee full of cryptoparents, not just one CryptoMom." She continued to emphasize the role of level and clear regulation as more important than any one figure.

"Information technology's virtually setting clear rules and and then maxim, 'now you guys, you do your thing,'" Peirce said. "Edifice structures that last beyond any particular person is what really matters."

The curious case of stablecoins

Regarding stablecoins, Peirce said they pose an interesting claiming for regulators:

"That'south where a lot of the market interest is. [Stablecoins] also pose some interesting legal questions. Not only practice nosotros take to think about whether they are securities, just in the U.S. at least we have to think about how they interact with other parts of our securities laws."

The subject of whether managed stablecoins are securities came to the fore with the announcement of Libra.

Planned safe harbor for money offerings

A major contempo policy initiative from Peirce is her proposed prophylactic harbor of three years for initial coin offerings, protecting them from pursuit as securities if they fill certain reporting requirements that autumn short of total securities registration.