June 29 (Cointime) - According to Hester Peirce, a commissioner at the U.S. Securities and Exchange Commission, cryptocurrency laws in the United States should not regulate the technology as if every use is financial. Peirce believes that a legal framework should take a "reserved approach" but provide enough clarity for people to experiment. She also advised the crypto industry to undertake self-regulation and pay attention to counterparty risks, conflicts of interest, and leverage. Peirce thinks that the SEC can do better and that the government needs to have a good reason to prevent people from investing their own money as they choose.