As the US Securities and Exchange Commission (SEC) approves the first spot Bitcoin ETF, Hester Pierce has shared her belief that the decision comes a decade too late.
ETFs Approved, Too Little Too Late?
In a long-awaited move, the U.S. Securities and Exchange Commission (SEC) recently approved spot Bitcoin ETFs, marking a significant shift in its historical stance.
Known for her pro-crypto perspective, SEC Commissioner Hester Pierce, colloquially dubbed „Crypto Mom,” shared her thoughts on the approval, shedding light on the regulatory process and its implications.
Hester Pierce did not mince words when expressing her discontent with the SEC’s handling of spot Bitcoin ETF applications. She emphasized that the first application surfaced more than ten years ago, and throughout the years, the SEC consistently rejected all proposals without providing transparent justifications. Pierce criticized the regulatory body for deviating from the standard approval process applicable to comparab
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