Hester Pierce strikes back against SEC crypto warning to accounting firms By Cointelegraph

Hester Pierce, commissioner of the United States Securities and Exchange (SEC), has raised concerns about the watchdog’s recent statement advising accounting firms against taking on non-audit work for crypto firms.

In a July 28 tweet, Pierce challenged the recent statement made by the SEC’s chief accountant Paul Munter, proposing that accounting firms adopt an all-or-nothing approach in its dealings with crypto firms. Pierce believes this might cause crypto firms to shy away from making good-faith efforts to be transparent.