Hester Peirce expresses strong support for crypto spot ETFs and regulatory structure
2022.06.17 02:00
Hester Peirce expresses strong support for crypto spot ETFs and regulatory structure
United States Securities and Exchange Commission (SEC) commissioner Hester Peirce, sometimes known as Crypto Mom for her ardent support of the industry, spoke Tuesday at a conference hosted by the conservative-libertarian Federalist Society titled “Regulating the New Crypto Ecosystem: Necessary Regulation or Crippling Future Innovation?” Her lengthy remarks — over 4,000 words in the prepared version, which was augmented extemporaneously as she presented it — contain some of the bluntest criticisms of SEC policy she has made yet.
Peirce characterized the SEC’s attitude toward the crypto market as a “refusal to engage” and suggested that the SEC’s refusal so far to approve a spot-traded Bitcoin (BTC) product showed the agency’s determination to hold everything related to Bitcoin to a higher standard than other products it regulates.
