SEC Commissioner Hester Peirce: 'I Expect CLARITY to Pass This Summer'

**SEC Commissioner Hester Peirce has spent years arguing that regulators should create clear rules, not make policy through enforcement.** Now, with the CLARITY Act advancing, a more supportive administration in Washington and institutions finally entering digital assets, she believes the industry has a genuine opportunity. But she also has a warning. Regulatory clarity alone won’t determine what happens next. Builders will. In this episode of *Searching for Mana*, Lloyd Wahed sits down with SEC Commissioner Hester Peirce to discuss why markets work better than central planning, how tokenisation could reshape capital markets, why the SEC should remain a referee, not a participant and what the crypto industry must do to avoid wasting this moment. They discuss: - Why the CLARITY Act could reshape US digital asset regulation - Whether regulation by enforcement cost America years of innovation - How tokenisation changes collateral, securities and capital markets - Why markets, not bureaucrats, allocate capital best - The future of AI regulation - The decline of public markets and how to reverse it - The importance of financial education - Why Hester is leaving the SEC to teach the next generation of lawyers A conversation about regulation, innovation and the philosophy that underpins free markets. **Subscribe to Searching for Mana** for conversations with the builders, investors and policymakers shaping the future of finance.     Follow on X: Commissioner Peirce: @HesterPeirce Lloyd Wahed: @lloydwahed