SEC has appointed Hester Peirce to the Crypto Task Force: The long-awaited bull development may come soon by everyone!

The U.S. Securities and Exchange Commission (SEC) has appointed Commissioner Hester Peirce, widely known as the “Crypto Mom,” to lead the newly formed cryptocurrency task force.

Cryptocurrency journalist Zack Guzman called the appointment “insanely bullish” for the industry, noting that Peirce had previously outlined three key predictions about the future of a pro-crypto SEC, and that these predictions are increasingly likely to come true.

One of Peirce’s main criticisms of the SEC was its reliance on enforcement actions as a regulatory tool. The newly established crypto task force under her leadership aims to create a comprehensive and transparent framework for compliance.

Guzman said, ‘Today’s announcement regarding the establishment of a task force to finally create clear rules confirms the ‘first day’ changes he envisioned.’ Departing from retrospective sanctions, it signifies a potential turning point for the industry by providing a roadmap for compliance instead of ambiguous guidelines.

Peirce has long advocated an approach that protects investors while encouraging innovation. It envisions a regulatory environment where developers and founders can produce new technologies without constant fear of sanctions.

Peirce foresaw that staking could be allowed in Ethereum Spot ETFs in the new administration.

Perhaps one of Peirce’s most important predictions includes the potential approval by the SEC of staking-based exchange-traded funds (ETFs). Guzman noted that one reason for the Ethereum Foundation’s recent strategic moves related to staking could be this.

Guzman said, “Peirce predicted that the SEC could probably move ‘early’ to give the green light to staking through ETFs, which would be a very big development.”