SEC Commissioner Peirce Says Market Is Ready for a Bitcoin ETP
Peirce also pushed back against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing.
Feb 11, 2021 at 3:08 p.m. UTCUpdated Aug 19, 2021 at 7:13 a.m. UTC
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U.S capital markets are ready for a bitcoin exchange-traded product, U.S. Securities and Exchange Commissioner Hester Peirce said on CoinDesk TV Thursday.
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- The regulator playfully known as "crypto mom" said people are already eager to trade a bitcoin ETP, "and so if we don’t give them the natural way, which I think would be an ETP, they are going to look for other (less optimal) ways to do it."
- Peirce also pushed back in her interview against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing. She cast doubt on the size of the alleged problem and insisted there was no way to ban bitcoin outright.
- Pierce said she looks forward to working with SEC chairman nominee Gary Gensler once the former MIT digital currency professor is confirmed by the Senate.
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