According to Bloomberg, SEC Commissioner Hester Peirce stated in a podcast that the decade-long approval process for a Bitcoin spot ETF has been "severely mismanaged," and criticized the "weak" reasons given by the regulatory agency for its approval in 2024. She pointed out that the SEC is still facing lawsuits and multiple considerations, urging the market to remain patient regarding other crypto ETFs and regulatory developments. Peirce emphasized that SEC approval of a product does not mean it is a "good investment," and investors need to make their own judgments. Currently, there are about 80 crypto-related ETF applications under review.
SEC Commissioner Peirce Criticizes Bitcoin ETF Approval as a "Serious Mistake" and Calls for Patience with Crypto Products
PANews2025/05/09 01:45
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