Hester Peirce, a commissioner of the SEC and head of the cryptocurrency assets working group, stated at the SEC "Know Your Custodian" roundtable that the current regulatory environment for cryptocurrency assets in the U.S. is like playing the game "the floor is lava" in the dark, where registered entities are forced to act cautiously under unclear rules, avoiding direct contact with cryptocurrency assets. She pointed out that clear compliance pathways should be established as soon as possible to provide clear guidance for cryptocurrency asset custody and trading, in order to promote healthy market development. (Cointelegraph)