SEC Commissioner urges regulators to establish clear compliance channels as soon as possible, providing clear guidance for cryptocurrency custody and trading

BlockBeats News: On April 27th, Hester Peirce, a member of the U.S. Securities and Exchange Commission (SEC) and head of the Cryptocurrency Working Group, stated at the SEC's "Know Your Custodian" roundtable that the current regulatory environment for cryptocurrencies in the United States 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）