United States President, Donald Trump, officially nominates Hester Peirce to be the commissioner of the US Securities and Exchange Commission (SEC) for a second term that is slated to end in 2025. Peirce has been serving the SEC as one of its five commissioners ever since 2018.
Peirce has been dubbed the ‘crypto mom’ for her affectionate approach in support of cryptocurrencies within her ongoing stint in the SEC. To be more precise, it was her public dissension towards SEC’s decision to scrap the Winklevoss twin’s filing for Bitcoin exchange-traded fund that sparked her now-famous nickname.
According to the White House official announcement, the US government has already sent ten nominations for the still incomplete or subject for renewal positions for SEC to the Senate. The statement also mentions that they are now waiting for its approval and has pulled back one particular nomination.
As briefly mentioned above, Peirce is one of the names submitted by the US executive branch. Once approved, her scheduled end term of June 4 would be extended to up until June 5, 2025.
Peirce is yet to comment about her recent nomination for a second term. However, she may have expressed her opinion, even ever so slightly, regarding this by saying that she feels as if her work within SEC is still incomplete.