SEC Commissioner Hester Peirce Denies Support for Crypto Projects

Jakarta, Pintu News – U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has made it clear that she does not personally support crypto projects or companies. This follows claims from OpenVPP that it is working “alongside” Peirce on an energy tokenization project.

Peirce, often dubbed “Crypto Mom” for her crypto-supportive views, currently leads a crypto task force at the SEC that aims to interact with early-stage crypto startups.

Peirce’s explanation and OpenVPP’s claim

Peirce has strongly denied providing support to the OpenVPP crypto project, which aims to modernize the electric utility sector through blockchain technology. OpenVPP previously announced that it was working “with” Peirce and even published a photo with their CEO, Parth Kapadia, ostensibly showing Peirce’s support.

However, Peirce emphasized that his presence in the photo does not imply endorsement of any project or product. The claims by OpenVPP have caused confusion among investors and industry observers.

The SEC, under Peirce’s leadership, is indeed trying to increase dialog with crypto companies, but this does not mean any direct endorsement of specific projects. Peirce emphasized the importance of transparency and compliance with applicable regulations, especially in a young and growing industry like crypto.

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SEC Crypto Task Force

The task force led by Peirce aims to facilitate communication between the SEC and crypto startups that have less than 10 employees. The initiative is expected to help develop fairer and more effective regulations, taking into account input from smaller companies in the crypto industry.

The ultimate goal is to ensure that all parties can operate within a clear and fair framework. Over the next few months, the task force will hold a series of roundtable discussions in various US cities, including New York City, Los Angeles, Cleveland, Scottsdale, Atlanta and Ann Arbor.

The discussion aims to gather input from various stakeholders in the crypto industry, which will be used to shape more inclusive policies and regulations.

Implications for the Crypto Industry

This incident shows how important clear and transparent communication between regulators and crypto industry players is. Misunderstandings such as OpenVPP’s claims can create uncertainty in the market and affect investors’ perception of the safety and stability of the crypto sector.

Therefore, it is important for all parties to be careful in communicating involvement and support for a particular project. On the other hand, initiatives like the SEC’s crypto task force show the commitment of regulators to listen and understand the challenges faced by crypto startups.

With a more inclusive and informed approach, it is hoped that future regulations can support the healthy growth of the crypto industry while protecting the interests of investors.

Conclusion

The clarification from Hester Peirce regarding claims of support for crypto projects emphasizes the importance of integrity and clarity in communication between regulators and the crypto industry. Through the task force and the discussions held, the SEC seeks to create an environment conducive to the responsible and orderly growth of crypto.

Also Read: Maartunn Analyst Says December 2024 Crypto Market Pattern Repeats, What Does It Mean?

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Reference

• U.Today. SEC’s Peirce Denies Endorsing Crypto Projects. Accessed on September 18, 2025