Crypto Spells

One of the commissioners at the United States Securities and Exchanges Commission has warned against too strict rules on cryptocurrencies. She says that her colleague’s efforts to impose such regulations will give investors a tough time doing business in the US. Instead, Hester Pierce wants financial regulators to adapt accordingly to the growing cryptocurrency market cap. Mrs. Pierce said the idea that regulators have to grasp every tiny detail of financial aspects vastly discourages innovation. She continued to say,  “I…