Stop regulatory chokepoints: Hester Peirce, SEC Commissioner, calls for the removal of regulatory barriers that prevent cryptocurrencies from accessing essential services like custody. She believes removing these barriers will allow the industry to develop efficiently, enhancing the growth and evolution of the cryptocurrency market.

Define SEC jurisdiction clearly: Peirce emphasizes the importance of establishing a transparent definition of SEC jurisdiction. She suggests identifying which activities are not securities-related and thereby exempt from SEC regulations. This clarity will reduce confusion, allowing the crypto industry to operate more smoothly.

Promote SEC-crypto collaboration: Collaboration between the SEC and the cryptocurrency sector is crucial for assessing the applicability of existing regulations and identifying necessary changes. By fostering public dialogue and cooperation, Peirce believes regulatory clarity will strengthen, facilitating better integration and growth of the crypto industry.