Hester Peirce Criticizes Bitcoin ETF Approval Process
- Hester Peirce criticizes SEC’s bitcoin ETF approval process.
- Calls the process lacking transparency and mismanaged.
- Impacts bitcoin and ether markets directly, causing industry debate.
SEC Commissioner Hester Peirce has criticized the approval process for bitcoin ETFs, describing it as lacking transparency on February 4, 2025.
The criticism matters due to its potential impact on regulatory processes and market stability, influencing bitcoin and ether prices.
Hester Peirce Demands Transparency in ETF Approvals
Hester Peirce, known for her pro-crypto views, has been critical of the SEC’s handling of bitcoin ETF approvals. She argues that the process lacks transparency and needs improvement.
Despite no record of using the exact phrase “severely mismanaged,” Peirce’s concerns highlight the need for a transparent regulatory framework.
Bitcoin and Ether Markets React to ETF News
The SEC’s decision to approve bitcoin and ether ETFs has stirred debate. Market movements in bitcoin and ether reflect immediate investor uncertainty.
Financial institutions are reevaluating strategies as the regulatory landscape evolves. The push for market transparency continues as stakeholders react.
Previous ETF Proposal Rejections Signal Challenges Ahead
Comparing past ETF attempts, such as the Winklevoss Proposal, reveals consistent regulatory challenges. Prior rejections show a pattern of concerns over market integrity.
Analysts foresee potential outcomes in line with historical trends, suggesting gradual regulatory reforms to better align with industry developments.
“The Commission did not find that such a market existed, but also found ‘sufficient ‘other means’ of preventing fraud and manipulation’ existed to justify dispensing with an SSA with a regulated market of significant size and proceeded to approve the spot bitcoin and ether ETPs on that basis.” – Hester Peirce, Commissioner, SEC
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