Hester Peirce, a US Securities and Exchange Commission (SEC) official, criticized the agency’s ambiguous stance on spot Bitcoin (BTC) exchange-traded fund (ETF) standards.
While criticizing the SEC’s Bitcoin policy, SEC official Hester Peirce said in a recent interview that its methods on cryptocurrency regulation confusing And disappointing He suggested that it was of the same type. Peirce also stated that the regulatory uncertainty of the USA hurts the investors in the country and at this point, the necessary ensuring clarity expressed the need.
In the current situation, regarding regulations in many areas faced with various difficulties Stating that, Peirce, in this context, has been on the agenda especially recently. spot Bitcoin ETF about their application in various comments found.
In this area, the SEC standards in terms of energetic One aim implying that he is acting like an official, the institution’s spot Bitcoin ETF issue your attitude against other products approach with not compatible drew attention. your applications disapproval the reason can’t solve The official said the following on the subject:
Facts and circumstances are important, but I cannot understand why we disapprove based on the facts and circumstances I have seen.
Peirce, currently Approved in non-US jurisdictions There are spot Bitcoin ETFs and there are also in the US. traded various term He pointed out that there are Bitcoin ETFs:
The standards we apply regarding products traded on the Bitcoin exchange must be consistent with our attitude towards similar products.
Soon spot Bitcoin ETF asset management company with insufficient applications Valkyrie Investments in BlackRock And of Fidelity then submit your application by updating had sent it again.