SEC’s Peirce Slams Bitcoin ETF Approval Process

• SEC Commissioner Hester Peirce calls ETF approval “terribly mismanaged”
• Peirce urges patience for upcoming crypto ETF applications
• Signals internal challenges and delays at the SEC

Hester Peirce Criticizes SEC’s Handling of Bitcoin ETF

In a candid statement, SEC Commissioner Hester Peirce has openly criticized her agency’s approach to approving Bitcoin ETFs, describing the process as “terribly mismanaged.” Known as “Crypto Mom” for her pro-innovation stance, Peirce’s comments highlight ongoing frustrations within the crypto industry over the SEC’s slow and inconsistent handling of digital asset products.

Speaking publicly, Peirce expressed concern over how the SEC has dragged its feet on Bitcoin ETFs for years—despite growing investor interest and court rulings challenging the agency’s delays. Her remarks suggest that, even internally, not all commissioners are aligned on how crypto products should be evaluated and approved.

Calls for Patience Amidst Agency Backlog

While voicing strong disapproval of past delays, Peirce also called for patience from the crypto community regarding pending ETF applications. “There’s a lot going on at the agency,” she noted, hinting at the complex regulatory workload currently facing the SEC.

Several applications for Ethereum ETFs and other digital asset funds are still under review. Industry experts believe Peirce’s remarks could indicate internal momentum building toward more approvals—albeit slowly.

Her comments also reinforce the idea that regulatory progress is happening, but not without resistance and bureaucratic hurdles.

What This Means for Crypto ETFs

Peirce’s critique brings renewed attention to the lack of clarity and transparency in the SEC’s crypto policymaking. While a handful of Bitcoin ETFs have finally launched, the path to broader crypto ETF adoption remains murky.

Investors and asset managers are still waiting for clear signals on Ethereum and altcoin-based ETFs. With Peirce advocating for progress and transparency, pressure may continue to mount on the agency to streamline and modernize its approach.

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