(source https://www.coindesk.com/the-secs-hester-peirce-isnt-a-bitcoin-champion-just-a-regulation-realist/ )
Regulators like the Securities and Exchange Commission shouldn't be acting as gatekeepers to new technologies like bitcoin, according to Commissioner Hester Peirce.
Peirce's remarks, made during an interview with CoinDesk, follow the agency's decision to confirm the 2017 rejection of a bitcoin-tied exchange-traded fund backed by Cameron and Tyler Winklevoss, which reinforced the argument made in a publicly-issued dissent published alongside last week's announcement.
According to Peirce – who was sworn into office this past January and previously served as a staffer in the U.S Senate – the decision actually does a disservice to investors who are operating in the market.
"From my perspective, we need to be mindful of what our role is, and it's not to be the ones who decide which innovations and which technologies get through and which ones don't," Peirce told CoinDesk.
