SEC Commissioner Peirce counters views that crypto rule will foster synthetic tokens

Hester Peirce, the commissioner behind the SEC's Crypto Task Force, made statements on the unreleased proposal, perhaps tamping down mistaken beliefs. What to know : Rumors and reporting circulated this week on the possibility the U.S. Securities and Exchange Commission would open a door to exempt synthetic tokenization of securities, but Commissioner Hester Peirce made an unusual move to openly discuss a pending rule, saying the plan doesn't include synthetics. Peirce dismissed the "hyperbole" about the major crypto rule the agency is poised to propose, posting twice on social media site X to explain her view.