SEC Commissioner Hester Peirce On Spot Bitcoin ETFs

  • SEC Commissioner Hester Peirce published comments challenging the regulatory agency’s position on spot bitcoin ETFs.
  • Peirce explains the refusal of the SEC to approve spot products is “puzzling,” and explains the growth of bitcoin as a financial instrument.
  • Grayscale has hired a top legal mind from former President Obama’s administration to fight the SEC should the fund’s ETF application be denied again.

Hester Peirce, a commissioner at the Securities and Exchange Commission (SEC), recently published remarks on the regulatory agency’s failure to allow spot bitcoin exchange-traded funds (ETFs) in the U.S.