Coindesk Logo

SEC Commissioner Peirce Says Market Is Ready for a Bitcoin ETP

SEC Commissioner Peirce Says Market Is Ready for a Bitcoin ETP

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.

Peirce also pushed back against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing.

Peirce also pushed back against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing.

AccessTimeIconFeb 11, 2021, 3:08 PM
Updated Aug 19, 2021, 7:13 AM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

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.

  • 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.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.