An SEC Commissioner believes the agency isn’t doing enough to work with cryptocurrency firms in establishing regulations that they can comply with. PlayUnmute Fullscreen VDO.AI Skip Ad - be[IN]crypto “I think it’s safe to assume that crypto is going to grow in size,” Peirce told The Wall Street Journal. “And so what we can do now to invest in building a reasonable framework, I think, will pay off down the line.” Disadvantaged smaller firms Peirce made a point highlighting the bias that smaller firms would face if broadly regulated the same as established financial firms. Incidentally, this point also illuminates why the SEC should take a more active role to collaborate with crypto firms. For startups, the process of complying with SEC rules would be “tremendously hard,” Peirce emphasized. According to Peirce, most of the firms the SEC supervises have an established relationship with the regulator, being established financial entities themselves. Typically, when these firms ...