SEC Commissioner Hester Peirce has indicated a shift in the regulatory approach towards the approval process for Ethereum (ETH) exchange-traded funds (ETFs). In a series of statements, Peirce emphasized that the Securities and Exchange Commission (SEC) has learned from its past experiences with Bitcoin ETFs and will not require a court directive to correct an 'arbitrary and capricious' approach to ETF approvals. Peirce's comments suggest that the SEC is looking to avoid the mistakes made with Bitcoin ETFs and is not seeking another court battle for the approval of spot ETH ETFs. The commissioner's remarks were made during an interview with Coinage Media and were echoed across multiple news outlets, highlighting the SEC's intent to apply the lessons learned from the Bitcoin ETF approval process to future decisions on ETH ETFs.
SEC Commissioner Hester Peirce posited that drawn-out anticipation for the regulator's decision on spot Bitcoin ETF applications laid the groundwork for a fake unauthorized tweet. Read more: https://t.co/A0B9hrCw2a
NEW: 🇺🇸 SEC Commissioner Hester Peirce said the agency will likely apply the #Bitcoin precedent when making decisions on spot ether ETFs and will not seek a second court battle to approve such products https://t.co/NPhEdRZ04O
SEC's Hester Peirce: Bitcoin ETF 'Lesson Will Certainly Stick' ► https://t.co/JdaTZHnHDA https://t.co/JdaTZHnHDA
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