SEC Commissioner Hester Peirce Denies Endorsement of OpenVPP Amid Regulatory Neutrality Stance
SEC Commissioner Hester Peirce has publicly clarified that her appearance at an event with OpenVPP does not constitute an endorsement of the cryptocurrency project. The statement comes after the startup shared a photo of Peirce with its CEO, sparking speculation about regulatory support. Peirce emphasized the necessity of maintaining impartiality as a public official.
The commissioner leads the SEC's task force focused on small crypto startups, conducting roundtables across U.S. cities to engage with early-stage companies. These efforts aim to shape policy without favoring specific projects. "Regulatory officials must remain impartial in their interactions with private firms," Peirce stated, underscoring the distinction between professional engagement and endorsement.
