SEC Commissioner Hester Peirce was asked at Australia Blockchain Week how she would regulate cryptocurrencies, Peirce said, I think we have to make sure that no matter what regulatory framework you adopt, you can’t just assume that everything is a financial asset.
While cryptocurrencies are considered a very financial term, other uses exist, such as enabling people to interact without a centralized entity. This is useful in finance, but also in building social media platforms or whatever.