The ⁣Securities and Exchange Commission (SEC) Commissioner⁤ Hester Peirce recently expressed her⁢ opinion that there is no reason why a Bitcoin exchange-traded fund (ETF) should not be approved now.

Peirce, who is also known as “Crypto Mom” for her ‍pro-crypto‍ stance, made ⁢the⁤ comments during a virtual event⁣ hosted by‍ the Coin Center, a⁤ Washington-based‌ think tank.

Peirce said that the SEC⁣ has been dragging⁢ its feet on approving a Bitcoin ‍ETF, and⁢ that the agency should take a more proactive ⁢approach. She argued that‌ the SEC should not be so concerned with⁢ the volatility of Bitcoin, as it is‌ a ⁣risk that investors are willing to take.

Peirce also noted that the SEC has been too focused on the potential for manipulation‍ in the Bitcoin market, and that the agency should instead focus on the potential for investor protection. She argued that the SEC should look at the potential for a Bitcoin ETF to provide investors with access to a regulated and secure market.

Peirce’s comments⁣ come at a time ⁣when the SEC is considering several applications for a Bitcoin ETF. The agency has yet⁢ to approve any of the applications, and it is‍ unclear when or if it‍ will do so.

Peirce’s comments are likely to be⁢ welcomed by the crypto ‍community, which has long ‍been pushing for the approval of a Bitcoin ETF. ‌If approved, a‌ Bitcoin ETF would provide investors with a regulated and secure way to ‍invest ⁢in the digital⁤ asset.

It remains to‌ be seen if the⁣ SEC will take Peirce’s advice and approve a Bitcoin ‍ETF. However, her comments are ‌a ⁣sign that the agency is at least⁣ considering the possibility.

JUST IN: 🇺🇸 SEC Commissioner suggests there’s no reason for a Bitcoin ETF not to be approved by now 🤔

“The logic for why we haven’t approved a Bitcoin ETF has always mystified me.”

– Hester Peirce

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