During The Bitcoin Conference 2025, SEC Commissioner Hester Peirce called for a clearer regulatory approach to foster responsible growth in the cryptocurrency industry. She emphasized distinguishing between those acting ethically and those engaging in harmful behavior. “Our goal is to create an environment that supports legitimate actors while hindering those who engage in malicious activities,” she stated. However, Peirce acknowledged challenges posed by ambiguity in regulations, noting how such uncertainties make it harder to identify and address bad actors. “In a regulatory landscape shrouded in ambiguity, the space provides more room for bad actors to flourish. Meanwhile, honest players are pushed out of the market—either by relocating or switching industries altogether,” she explained. Peirce has consistently advocated for policies that would allow emerging technologies like cryptocurrencies to thrive within the U.S., avoiding forced relocation. Her remarks come as the SEC faces scrutiny over its enforcement-based approach, which some argue penalizes innovation rather than fostering it. Peirce’s call for balance represents a push within the agency to reform how it handles the rapidly evolving cryptocurrency and fintech sectors. As the SEC continues to grapple with defining rules for digital assets, Peirce’s message remains clear: clarity is essential—not just for investor protection, but also for attracting innovative players who can remain on American soil.