In a recent interview with Bloomberg TV, SEC Commissioner Hester Peirce conveyed her pro-innovation and pro-Bitcoin ETF stance. She discussed critical aspects of digital asset regulation, emphasizing the need for a proactive approach toward building a regulatory framework that supports businesses operating in the United States. 

Commissioner Peirce, well-known for supporting cryptocurrencies, shed light on spot Bitcoin exchange-traded fund (ETF) approvals and the internal dynamics within the SEC.

SEC Commissioner Urges Crypto Regulatory Framework

Commenting on the recent settlement between crypto exchange Binance and its CEO Changpeng Zhao (CZ) and the US Department of Justice (DOJ), Commissioner Peirce acknowledged the need to develop a regulatory framework that encourages innovation and allows crypto companies to do business in the United States. 

Peirce emphasized the importance of proactive collaboration in defining the necessary regulations and expressed her support for open dialogue and public engagement to establish effective guidelines. 

Commissioner Peirce acknowledged that conflicting “pro-crypto” narratives have led to disagreements among her colleagues at the SEC and emphasized the importance of providing clearer regulatory guidance to alleviate frustrations within the crypto industry.

No Justification To Halt Spot Bitcoin ETF Approvals

Commissioner Peirce reiterated her transparent stance regarding spot Bitcoin ETF, stating there is no valid reason for the SEC to impede the approvals. 

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Author: Ronaldo Marquez

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