SEC Commissioner Hester Peirce has indicated a change in the commission's approach to handling ETF approvals, particularly concerning Ethereum-based ETFs, following the lessons learned from the Bitcoin ETF approval process. Peirce emphasized that the SEC would not repeat the same mistakes made with Bitcoin ETFs, suggesting that the approval process for Ethereum ETFs would be smoother and potentially avoid the need for a court battle. The commissioner's comments suggest that the SEC has taken the previous challenges to heart and is looking to apply these lessons to future cryptocurrency ETF considerations.
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
SEC's Hester Peirce: Bitcoin ETF 'Lesson Will Certainly Stick' ► https://t.co/JdaTZHnHDA https://t.co/JdaTZHnHDA
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
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