“Centralization means that you have concentrated risks,” said Hester Pierce speaking at ETH Denver.
United States Securities and Exchange Commission Commissioner Hester Pierce has advocated for more decentralization in the U.S. financial system, along with a softer approach to crypto regulation and enforcement.
Hester Pierce, also known as ‘Crypto Mom,’ closed her fireside chat with CNBC’s MacKenzie Sigalos at the ETHDenver conference on Feb. 29 by stating that decentralization benefits the U.S. financial system.
“Centralization means that you have concentrated risks,” she said before adding:
