SEC Commissioner Hester Peirce publicly criticized the handling of the Bitcoin ETF approval process, describing it as 'terribly mismanaged.'
Critique of SEC's Approach to Bitcoin ETFs
Hester Peirce, known for her pro-innovation stance, expressed discontent over the SEC's slow pace in approving Bitcoin ETFs despite rising investor interest and court rulings challenging the agency's delays.
Call for Patience Regarding New Applications
While voicing her strong disapproval, Peirce called for patience from the crypto community regarding pending ETF applications, noting that 'there's a lot going on' at the agency.
Implications for the Crypto ETF Market
Peirce's critique brings renewed focus to the lack of clarity in SEC's crypto policymaking. Although some Bitcoin ETFs have launched, the path toward broader crypto ETF adoption is still unclear.
Peirce's remarks underscore the need for progress and transparency in the SEC's regulatory approach to crypto assets, but significant hurdles remain.
