SEC Commissioner Peirce: The regulatory environment for cryptocurrency assets in the U.S. lacks clear guidance.

According to Gate.io News bot, Cointelegraph reported that during the SEC “Know Your Custodian” roundtable, Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC) and head of the crypto asset working group, gave a speech.

Peirce compares the current U.S. encryption asset regulatory environment to playing the “the floor is lava” game in the dark, where registered entities must act cautiously in the absence of clear rules to avoid direct contact with encryption assets.

She emphasized the necessity of establishing clear compliance channels in the meeting, to formulate clear guidelines for the custody and trading of encryption assets, in order to promote market development.