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.