We are learning it just now. One of 5 Commissioners of the Securities and Exchanges Commission in the USA spoke on CNBC in the show Squawk Box. Hester Peirce questioned the fact that Bitcoin Spot ETF have not yet been approved, lamenting that “this should have been approved 5 years ago”.
Bitcoin ETF, is the SEC waiting for St. Glinglin’s Day?
Beyond his questions about the non-approval of a Bitcoin spot ETF for 5 years, without knowing precisely when the regulator will decide to give the green light, Hester Peirce deplores thelack of change in the perception of Bitcoin for the US gendarme, despite the iGrowing interest from American economic tycoons for the queen of cryptocurrencies.
“Generally, the SEC hasn’t really been very competent in everything related to Bitcoin and other crypto-assets. (…) I hope they wake up [ses collègues] and will think that we need to adopt a more productive approach (…) I think we should approve [un ETF Bitcoin] for five years, so the logic of why we haven’t done it has always puzzled me.”
Source: CNBC
Aware of the risks concerning crypto-assets, Peirce nevertheless calls on the SEC to have a more productive approach to cryptocurrencies and on its capacity to regulate, emphasizing for example, the policy carried out by Congress more proactive than that of the financial policeman.
And yet, Gary Gensler affirmed not long ago that SEC Working Hard on Spot Bitcoin ETFs and for good reason, the pressures are numerous. Internal as we can see today, but also external. Recently, Grayscale and BlackRock returned to the charge against the American financial policeman.
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