SEC 'Squandered a Decade' Rejecting Bitcoin ETFs: Commissioner Hester Peirce - Decrypt thumbnail
SEC 'Squandered a Decade' Rejecting Bitcoin ETFs: Commissioner Hester Peirce - Decrypt
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SEC 'Squandered a Decade' Rejecting Bitcoin ETFs: Commissioner Hester Peirce Spot Bitcoin ETFs will start trading Thursday, but one crypto-friendly SEC Commissioner says it's a day far too long in coming. The United States Securities and Exchange Commission (SEC) finally approved the trading of spot
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SEC Commissioner Hester Peirce criticized the agency for taking over a decade to approve spot Bitcoin exchange-trading funds (ETFs). Peirce, a known advocate for cryptocurrencies, referred to the delay as a "consequential saga" and stated that the approval was unnecessary. The first application for a spot Bitcoin ETF was filed in the US more than 10 years ago. Peirce's comments came after SEC Chair Gary Gensler's statement, which had a more reluctant tone towards the approval. Spot Bitcoin ETFs will begin trading on Thursday.

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  • SEC 'Squandered a Decade' Rejecting Bitcoin ETFs: Commissioner Hester Peirce Spot Bitcoin ETFs will start trading Thursday, but one crypto-friendly SEC Commissioner says it's a day far too long in coming.
  • The United States Securities and Exchange Commission (SEC) finally approved the trading of spot Bitcoin exchange-trading funds (ETFs) Wednesday, as expected, but at least one SEC commissioner isn’t mincing words in describing the toll wrought by the long wait on the agency, investors, and the cryptocurrency industry.
  • SEC Commissioner Hester Pierce, a longtime crypto advocate nicknamed “Crypto Mom” by fans, issued her statement on Wednesday’s action. It followed the statement from SEC Chair Gary Gensler, who took a more begrudging tone about the long-awaited Bitcoin ETF approval. “Today marks the end of an unnecessary, but consequential, saga,” Peirce wrote, no...

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