TechFlow News, June 20: Hester Peirce, Commissioner of the U.S. Securities and Exchange Commission (SEC), shared her views on perpetual contracts, prediction markets, and the future of digital asset regulation—her overall tone was positive and open.
Commissioner Peirce revisited Rule 611’s “trade-through” proposal, which has been under discussion for approximately two decades, noting that the so-called “innovation exemption” mechanism would be deliberately designed to be strict and narrowly tailored to balance market innovation with investor protection. She stated that clearer regulatory frameworks—not outright restrictions or vague oversight—should be established for emerging financial products such as tokenized securities, perpetual contracts, and prediction markets. She further emphasized two core principles: self-custody and financial privacy should serve as foundational rights within future regulatory systems and must be incorporated into the design of subsequent digital asset regulations.
