Hester M. Peirce

Rule Changes

As of October 2026: Departing the Commission

The Securities and Exchange Commission (SEC) staff said on Sept. 25 that a crypto project could announce a token buyback without that promise turning the token into a security, so long as the network was functional. Three days later, staff added a second condition: the network must also have no central party.

Updated Oct 3

Rule Changes

As of September 2026: Supports the proposal

For 84 years, the Securities and Exchange Commission (SEC) has let shareholders of public companies put their own proposals on corporate proxy ballots. On September 16, the agency proposed abolishing that rule; the plan was published in the Federal Register on September 21, opening a 60-day comment period that runs through November 20.

Updated Sep 21

Rule Changes

As of September 2026: Serving as commissioner

The Securities and Exchange Commission's transfer agent rules were written for a world of physical stock certificates and paper ledgers. On September 1, the agency proposed its first major overhaul of that framework in over four decades, explicitly asking how the rules should handle blockchain-based recordkeeping and tokenized securities.

Updated Sep 3

Rule Changes

As of May 2026: Leading SEC Crypto Task Force

Caroline Crenshaw walked out of the SEC on January 2, 2026, leaving the agency with three commissioners—all Republicans—for the first time in nearly two decades. She was the lone vote against Bitcoin ETFs, the single dissent on 13 crypto approvals, and the industry's most consistent obstacle. Her departure didn't just tilt the commission. It erased the opposition.

Updated May 19

Rule Changes

As of May 2026: Leading the SEC’s crypto policy reset via public roundtables

The SEC spent years telling crypto: "We can't see you, so we can't trust you." Now it's hosting a public, recorded forum on the most explosive question in the space: how much visibility regulators should demand—and how much privacy Americans should keep.

Updated May 15