Peirce did not state which agency should be responsible for regulating the crypto industry, and added that “having one regulator devoted to crypto could be problematic.” She did, however, suggest that crypto and the underlying blockchain technology that powers it could be “integrated into the back end of the financial system,” and therefore warrant the jurisdictions of the SEC.
Source: https://www.coindesk.com/policy/2022/11/11/sec-commissioner-hester-peirce-ftxs-collapse-could-finally-be-catalyst-for-regulation/?utm_medium=referral&utm_source=rss&utm_campaign=headlines