The U.S. Securities and Exchange Commission (SEC) has approved a spot Bitcoin ETF, signaling a shift in the regulatory approach towards cryptocurrency-based exchange-traded funds. SEC Commissioner Hester Peirce, in a series of statements, emphasized that the SEC has learned from its past experiences with Bitcoin ETFs and will not repeat the same mistakes with upcoming Ethereum (ETH) ETFs. Peirce, known for her pro-crypto stance, stated that the SEC's future approvals will not require court intervention to correct arbitrary and capricious decision-making. The Commissioner's remarks suggest that the SEC is aiming for a smoother and more straightforward approval process for ETH ETFs, drawing from the lessons of the Grayscale court ruling that led to the approval of spot Bitcoin ETFs.
Are Ethereum Spot ETFs Inevitable? SEC Commissioner Hester Peirce believes that spot Ethereum ETFs can gain SEC approval without resorting to lawsuits, drawing from lessons learned from the Grayscale court ruling that led to spot Bitcoin ETF approvals. While acknowledging the… https://t.co/1YtoUxZjtp
SEC Commissioner Hester Peirce said that the Ethereum ETF approval process won’t be the same as Bitcoin, as the SEC has learned several lessons from the spot Bitcoin ETF saga https://t.co/Z70mNqfZUr
SEC Commissioner Hester Peirce believes that spot ether ETFs won’t need a court battle to get an approval https://t.co/pm6kZ1XWkR
The SEC learned a lesson with spot bitcoin ETFs, Commissioner Hester Peirce said https://t.co/pm6kZ1XWkR
BREAKING: SEC COMMISSIONER HESTER PEIRCE SAYS THAT THE SEC “SHOULDN’T NEED COURT… TO GET IT RIGHT” ON SPOT $ETH ETFS - DURING @coinage_media INTERVIEW https://t.co/a8ORhB7Wng
NEW: SEC Commissioner Hester Peirce tells me the SEC won't repeat the same mistakes with ETH ETFs after fumbling Bitcoin ETFs: "That's not how we're going to do our approvals ... I think that kind of a lesson will certainly stick with us. https://t.co/QNu52Gmr3H
BREAKING: SEC Commissioner Hester Peirce says the SEC won't repeat the same mistake of delays with ETH ETFs: "That's not how we're going to do our approvals ... We shouldn't need a court to tell us that our approach is ‘arbitrary and capricious’ in order for us to get it right" https://t.co/VkwRADZTCR
SEC Approved Spot Bitcoin ETF https://t.co/1rb6AWTgVd