The SEC has failed to approve a cryptocurrency ETF for years now, and according to the regulator’s very own Hester Peirce, this is a double standard.
Hester, known as Crypto Mom, believes that the crypto market has matured enough in the past decade to warrant better treatment from the SEC.
Five years ago, the U.S Security and Exchange Commission’s excuse while denying a Bitcoin exchange-traded fund (ETF) was that the industry was rife with manipulation and it wasn’t mature enough. However, as it stands, this is no longer a valid excuse, at least not to SEC Commissioner Hester Peirce. She believes that the SEC is applying a double standard on crypto, and this is unfair.
Peirce is one of the most beloved figures in the crypto community globally. While the SEC has long seemed not to be the biggest crypto fan, she has been tireless in her advocacy for the industry. This has seen her call out the SEC, and some of her fellow heads, when they go against crypto, usually meritlessly.
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