Golden Finance reported that U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce expressed serious concerns about the “de-banking” of crypto companies at a meeting on Wednesday. As one of the SEC’s five commissioners, Peirce, affectionately known as “Crypto Mom” in the industry, has always been relatively open to the crypto industry, in sharp contrast to the hardline stance of SEC Chairman Gary Gensler. During consideration of the Public Company Accounting Oversight Board (PCAOB) budget, Peirce questioned the agency’s special focus on businesses that hold crypto assets or provide crypto trading services. She noted: “There have been recent signs that regulators are trying to dissuade regulated entities from providing services to the crypto industry and its participants.” Although Peirce voted against, the other three commissioners, led by Gensler, approved the agency’s 2025 Budget of nearly $400 million. Recently, the encryption industry has generally reported encountering banking service restrictions. Venture capitalist Nic Carter calls this "Operation Breakpoint 2.0," a reference to Obama-era anti-fraud policies targeting high-risk industries such as gun dealers and payday lenders. The public statement of Marc Andreessen, a well-known Silicon Valley investor, triggered a chain reaction, prompting more encryption company executives to share similar experiences. The issue has attracted congressional attention. Rep. French Hill stressed at a congressional hearing in December: “Legitimate businesses in this great country deserve freedom of banking and financial services.”