SEC Commissioner Hester Peirce has openly criticized the Securities and Exchange Commission's (SEC) current regulatory approach, particularly denouncing SAB 121 and the broader strategy of 'regulation by enforcement.' Peirce's critique highlights a shift towards what some describe as 'enforcement by destruction,' a method that allegedly discourages open dialogue and collaboration with the cryptocurrency community. This stance, which fosters an environment of 'shrugs, silence, slow walking, sighs,' has raised concerns about the SEC's effectiveness and credibility under its current leadership, with Peirce noting that 'No one wants to come in and talk to us.' The criticism points towards a need for a regulatory framework that fosters innovation while ensuring consumer protection, suggesting a departure from tactics perceived as heavy-handed and detrimental to engagement within the crypto sector. It also emphasizes the risk of permanent damage to the SEC's authority and credibility, and opens the door for financially secure defendants like Ripple to challenge broader legal questions.