According to Decrypt, US Securities and Exchange Commission (SEC) Commissioner Hester Peirce reiterated that she is still concerned about how the SEC regulates cryptocurrencies. “I don’t think we have a viable regulatory framework that hinders innovation and growth,” she said. “In the absence of a clear path to compliance, she’s inclined to set up a “safe harbor” so that new encryption projects don’t work before they work. As for being crushed by the securities law.