This Bankless podcast interviews SEC Commissioner Hester Peirce, newly appointed head of the SEC's Crypto Task Force, about the agency's evolving approach to crypto regulation. The discussion covers the rescinding of SAB 121 (improving custodian participation), potential retroactive relief for past token offerings through disclosures, and the use of no-action letters to clarify jurisdictional boundaries. Peirce emphasizes a shift towards collaboration with the industry, encouraging communication with the SEC and highlighting the ongoing work to address existing enforcement actions. A key takeaway is the SEC's intention to provide more clarity on its jurisdiction, potentially through guidance and no-action letters, rather than solely relying on enforcement.