US Securities and Exchange Commission (SEC) official Hester Peirce made important statements about her surprise about spot Bitcoin (BTC) exchange traded fund (ETF) applications.
Known for supporting Bitcoin SEC commissioner Hester Peirce October 23 attended on CNBC broadcast, spot Bitcoin ETF He talked about the application process.
In his statements, he stated that Bitcoin products are regulated by the SEC. unnecessarily tight While describing the examination as a problematic process, Why such a delay in ETF approval? He revealed that he was seriously surprised.
Stating that the decisions in Grayscale’s spot Bitcoin ETF case were effective in the SEC’s approval process, the commission member still criticized his colleagues’ approach to this issue. you can’t guess he stated.
Commission’s decision to legalize Bitcoin or any other innovation Can’t say it works well Expressing Peirce, regarding the course of events It will be difficult to comment he emphasized.
I cannot say whether the commission is ready to approve an exchange-traded Bitcoin product. Still, I’m surprised that this whole process has taken so long. The SEC has further complicated matters by conducting very oppressive and unnecessary investigations. I hope that spot Bitcoin ETF approval will come as soon as possible.
In the continuation of his speech, he mentioned the USA Safer and preferred for cryptocurrency users He reminded that these regulations must be completed urgently in order to turn it into a region. This step is also important in the development of the cryptocurrency industry. to a critical value He stated that he would have it.