Hester Peirce on the role of the SEC, Financial Surveillance, and Crypto

希瑟·皮尔斯论美国证券交易委员会的角色、金融监管与加密货币

Macro Musings with David Beckworth

2025-09-01

47 分钟
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单集简介 ...

Hester Peirce is a current commissioner at the Securities and Exchange Commission and serves on its crypto task force. Hester returns to the show to discuss her time and role at the SEC, the SEC evolving role in the regulation landscape, the problems with our current state of the financial surveillance, the state of crypto for a regulator’s perspective, and much more. Check out the transcript for this week’s episode, now with links. Recorded on August 11th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Hester on X: @HesterPeirce Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:01:56 - Hester’s Career 00:07:57 - Peanut Butter and Watermelon 00:17:37 - Crypto Mom 00:20:49 - GENIUS Act and CLARITY Act 00:22:47 - Crypto Task Force 00:24:04 - Feedback 00:26:53 - Being an SEC Commissioner 00:31:24 - Lane Drifting 00:37:31 - Dissent 00:40:20 - SEC Moving Forward 00:47:03 - Outro
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  • Welcome to Macro Musings,

  • where each week we pull back the curtain and take a closer look at the most important macroeconomic issues of the past,

  • present, and future.

  • I am your host, David Beckwith,

  • a Senior Research Fellow with the Mercatus Center at George Mason University,

  • and I'm glad you decided to join us.

  • Our guest today is Commissioner Hester Peirce of the Securities and Exchange Commission.

  • Prior to joining the SEC, Hester was my colleague here at the Mercatus Center,

  • where she headed the financial regulation team.

  • Hester also was a senior counsel on the U.S.

  • Senate Committee on Banking, Housing, and Urban Affairs,

  • where she advised ranking member Shelby and other members of the committee.

  • Hester also served as counsel to SEC Commissioner Paul Atkins prior to that.

  • Hester joins us today to discuss the evolving role of the SEC in the digital financial age,

  • the importance of dissent in regulatory institutions,

  • and her recent calls to rethink America's financial surveillance regime.

  • Hester, welcome back to the program.

  • David, it's great to be back.

  • I do want to start with my disclaimer, which is that my views are my own views as a commissioner,

  • not necessarily those of the SEC or my fellow commissioners.