The post SEC Commissioner Hester Peirce Backs Bitcoin ETF, Citing Uncertain Approval appeared first on Coinpedia Fintech News
Hester Peirce, the SEC commissioner known for her pro-crypto stance, has again thrown her support behind the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF). While she supported this move, Peirce also warned that she couldn’t guarantee the SEC would greenlight a spot BTC fund shortly.
In response to Peirce’s remarks, XRP lawyer and attorney John Deaton weighed in, suggesting that some blame should be directed at the former SEC Chairman Jay Clayton. Deaton said that Clayton had the support of commissioners like Hester Peirce and Elad Roisman during his tenure. However, Clayton’s actions, such as not enacting a Safe Harbor, permitting William Hinman to deliver speeches on Bitcoin and Ethereum, and initiating a lawsuit against Ripple, claiming XRP was a security, raised questions.
He wrote on X, “Immediately after leaving the SEC, Clayton took a
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