# The SEC Changed Course on Crypto. Commish Hester Peirce Explains Why

Page: https://stenobird.com/podcast/financially-speaking-7113593/the-sec-changed-course-on-crypto-commish-hester-peirce-explains-why
Text version: https://stenobird.com/podcast/financially-speaking-7113593/the-sec-changed-course-on-crypto-commish-hester-peirce-explains-why.md
Podcast: [Financially Speaking](https://stenobird.com/podcast/financially-speaking-7113593)
Published: 2026-04-13T19:00:00+00:00
Episode link: simplecast.com
Audio file: https://dts.podtrac.com/redirect.mp3/sxm.simplecastaudio.com/66edd4f8-f64c-4cf4-b6c5-eb75fcb3077e/episodes/81360414-3df9-4755-9a23-462e616ec952/audio/128/default.mp3?aid=rss_feed&awCollectionId=66edd4f8-f64c-4cf4-b6c5-eb75fcb3077e&awEpisodeId=81360414-3df9-4755-9a23-462e616ec952&feed=6HEHzhcQ
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JSON: https://stenobird.com/v1/public/podcasts/financially-speaking-7113593/episodes/the-sec-changed-course-on-crypto-commish-hester-peirce-explains-why
Duration seconds: 3442

## Resource

SEC Commissioner Hester Peirce sits down with Dr. Tonya M. Evans for a candid conversation about the most consequential regulatory shift in U.S. crypto history. From the five-part token taxonomy that classified sixteen assets as digital commodities to the token safe harbor framework built on her original 2020 proposal, Commissioner Peirce explains what it took to move the SEC from suing first to writing rules first under Chairman Paul Atkins. She walks through the 2% haircut guidance, the joint advisory committee with the CFTC, the case for regulatory sandboxes, and responds to critics who say the pendulum has swung too far. She also shares advice for law students and mid-career attorneys navigating the digital asset economy.

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## Transcript

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