SEC Commissioner Hester Peirce Speaks Out on Spot Bitcoin ETF
In a recent interview, Hester Peirce, the U.S. Securities and Exchange Commission (SEC) Commissioner, expressed her support for the approval of a spot Bitcoin exchange-traded fund (ETF). She emphasized that the SEC has no reason to block a Bitcoin ETF, citing her consistent stance on the matter over the years.
Peirce clarified that each ETF application is evaluated based on its unique facts and circumstances, and she sees no grounds for denying a Bitcoin ETF on the stock market. Additionally, Peirce advocated for a shift away from heavy reliance on litigation to establish crypto regulations. Instead, she urged the agency to explore alternative methods for regulatory action.
Notably, BlackRock and Grayscale have met with the SEC to discuss their Bitcoin ETF applications. With 8-10 ETF applications still pending, the SEC’s decisions could significantly impact the crypto market if approved.
Hot Take: Commissioner Peirce Signals Support for Spot Bitcoin ETF
In a significant development, SEC Commissioner Hester Peirce has openly expressed her endorsement of a spot Bitcoin ETF, signaling a potential shift in the SEC’s approach to crypto regulation. Peirce’s comments hint at a more favorable stance from the agency, potentially paving the way for wider acceptance and integration of cryptocurrencies in traditional financial markets.
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