PANews reported on December 10 that according to Forbes reporter Eleanor Terrett, U.S. SEC Commissioner Hester Peirce mentioned "Operation Chokepoint 2.0" in an interview and outlined three things she believes need to be done under the new SEC leadership after Trump takes office to help make the cryptocurrency industry clearer:
- The first step to stopping the government’s regulatory Chokepoint activity is to stop this approach of trying to prevent cryptocurrencies from getting the services they need (such as custody) to move forward;
- Clarify what is not within the SEC's jurisdiction, what is not a security, and who does not need to consider the SEC's regulatory framework;
- Working with entities involved in crypto to try to figure out how existing rules apply and where adjustments need to be made. This needs to be a collective exercise. It needs to be done in public so that everyone can participate. I think we can get a good start relatively quickly.