“SEC Commissioner ‘Crypto Mom’ offers insightful perspective on the buzzing anticipation of Bitcoin ETF approval, shedding light on the potential impact it holds for crypto adoption and regulatory progress.”
SEC Commissioner Hester Peirce, also known as “Crypto Mom,” recently shared her thoughts on the ongoing debate surrounding the potential approval of a Bitcoin ETF. In a CNBC interview, Peirce expressed her support for a Bitcoin ETF, stating that she has believed in its approval for the past five years. However, she acknowledged that she couldn’t say whether the SEC is ready to approve one at this time.
Peirce also commented on the SEC’s recent court case loss against Grayscale, but refrained from speculating on how her colleagues might interpret these developments. When asked about the agency’s future actions regarding a Bitcoin ETF, she remained noncommittal, stating that the SEC has not been favorable towards Bitcoin or other crypto assets.
Peirce expressed hope for a more progressive approach from the SEC and noted that the interest shown by industry giants like BlackRock and Fidelity in Bitcoin ETFs is indicative of public demand. She also emphasized the need for clearer regulatory guidelines and a framework that attracts crypto companies to register in the United States.
On a personal note, Peirce shared her observations on the evolving crypto landscape. She highlighted the development of different crypto assets and blockchains for different purposes and emphasized the speculative nature of markets, particularly in low-interest-rate environments. Peirce encouraged investors to be skeptical and emphasized the importance of investor education and diligence.
About the author:
Alex Dovbnya, also known as AlexMorris, is a cryptocurrency expert, trader, and journalist. With extensive experience in covering the cryptocurrency industry, he has authored over 1,000 stories for various fintech media outlets. Dovbnya is particularly interested in regulatory trends that shape the future of digital assets. He can be contacted at [email protected].