According to online reports, according to Fox Business reporter Eleanor Terrett in an article on platform X, U.S. Securities and Exchange Commission Commissioner Hester Peirce said: "The Cryptography Working Group has begun to determine what matters are not within the SEC's domain and understand what is within the SEC's jurisdiction and what is not. It's important." Hester Peirce also said that it is important to involve the public in rulemaking discussions and that people affected by rules should have the right to participate in rulemaking.