SEC Commissioner Hester Peirce defends withdrawal of cryptocurrency lawsuit: law should not be a 'trap game'

According to Fortune, US Securities and Exchange Commission (SEC) Commissioner Hester Peirce (known as the "crypto mom") defended the SEC's recent decision to revoke lawsuits against cryptocurrency companies, emphasizing that the law should not become a "trap game". In the first month of the Trump administration, the cryptocurrency industry has seen multiple positive developments, including Trump's announcement of the establishment of a strategic reserve of digital assets and the pardon of Ross Ulbricht, founder of the dark web market Silk Road.