The SEC’s Hester Peirce supports the Bitcoin spot ETF and hopes there will be less litigation to establish cryptocurrency regulation.
In the latest interview with Bloomberg, US Securities and Exchange Commission (SEC) Commissioner Hester Peirce hinted at support and approval of a Bitcoin spot ETF. Peirce said the SEC has no reason to stand in the way of a Bitcoin ETF, and the commissioner added that her stance on the matter has been the same for years.
Peirce confirmed that each application is judged on its own specific set of facts and circumstances, but said he sees no reason for the SEC to reject a Bitcoin ETF on the stock market. The commissioner also mentioned that the SEC could slow down legal proceedings as the only way to establish crypto regulations, and she is actively advocating for the agency to use other means to take regulatory action.
BlackRock and Grayscale also reportedly met with the SEC to discuss their Bitcoin ETF applications. The SEC still has between 8 and 10 ETF applications to decide, which could have a major impact on the cryptocurrency market if approved.
