SEC Commissioner: The Regulatory Agency Should ‘Stop Denying’ Spot Bitcoin ETFs
Hester Peirce, a commissioner with the SEC, published comments on the failings of the SEC to properly deliver ETPs based on bitcoin and other cryptocurrencies.SEC Commissioner Hester Peirce published comments challenging the regulatory agency’s position on spot bitcoin ETFs.Peirce explains the refusal of the SEC to approve spot products is “puzzling,” and explains the growth of bitcoin as a financial instrument. Grayscale has hired a top legal mind from former President Obama’s administration to fight the SEC should the fund’s ETF application be denied again.Hester Peirce, a commissioner....
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