SEC Commissioner Hester Peirce: US crypto regulation is like a game of 'playing the floor in the dark is lava'

Odaily Planet Daily News: Hester Peirce, a member of the US Securities and Exchange Commission (SEC) and head of the Cryptocurrency Working Group, stated at the SEC's "Know Your Custodian" roundtable meeting that the current regulatory environment for cryptocurrencies in the US is like playing a "floor is lava" game in the dark, forcing registration agencies to act cautiously under unclear rules and avoid direct contact with cryptocurrencies. She pointed out that a clear compliance channel should be established as soon as possible to provide clear guidance for the custody and trading of encrypted assets, in order to promote the development of a healthy market. （Cointelegraph）