SEC Commissioner Hester Peirce, often referred to as 'Crypto Mom,' has issued an apology for the agency's historically stringent approach to digital assets. Speaking at the Coin Center Dinner, Peirce acknowledged the SEC's previous reliance on enforcement actions and encouraged the crypto industry to utilize the increasing regulatory clarity to foster innovation. This apology comes amid a shift in the SEC's approach under new Chair Paul Atkins, who has initiated efforts such as the Crypto Task Force and 'Project Crypto' to update and modernize digital asset regulations.