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SEC Commissioner Hester Peirce says that, like the \u201cfloor is lava\u201d game<\/a>, the goal for SEC registrants in today’s uncertain environment is to \u201cnever touch any crypto asset.\u201d<\/p>\n SEC Commissioner and head of the crypto task force, Hester Peirce, says US financial firms are navigating crypto in a way that\u2019s similar to playing the children\u2019s game \u201cthe floor is lava,\u201d but in the dark.<\/p>\n \u201cIt is time that we find a way to end this game. We need to turn on the lights and build some walkways over the lava pit,\u201d Peirce said<\/a> at the SEC \u201cKnow Your Custodian\u201d roundtable event on April 25.<\/p>\n Peirce explained that SEC registrants are forced to app<\/a>roach crypto-related activities like \u201cthe floor is lava,\u201d where the aim is to jump from one piece of furniture to the next without touching the ground, except here, touching crypto directly is the lava. \u201cA D.C. version of this game is our regulatory approach to crypto assets, and crypto asset custody in particular,\u201d she said.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n