SEC Commissioner Hester Peirce Calls for Clearer Rules on Perpetual Contracts and Tokenized Securities

SEC Commissioner Hester Peirce said U.S. regulators should develop clearer regulatory frameworks for emerging financial products such as tokenized securities, perpetual contracts, and prediction markets, rather than relying on broad restrictions or ambiguous oversight. According to ChainCatcher, Peirce also argued that self-custody and financial privacy should be treated as foundational rights and incorporated into the design of future digital asset regulation. Peirce referenced the Rule 611 “trading-through” proposal, which she said has been in development for about 20 years. She added that any “innovation exemption” mechanism would be intentionally designed to be strict and limited, aiming to balance market innovation with investor protection.