SEC’s crypto task force lead criticizes ETF approval process, highlights need for patience
The head of the US Securities and Exchange Commission (SEC) Crypto Task Force, Hester Peirce, said the decade-long process that led to the approval of spot Bitcoin exchange-traded funds (ETFs) was mishandled, and urged crypto market participants to be patient with ongoing regulatory delays.
In an interview on Bloomberg’s Trillions podcast, Peirce addressed the slow pace of approvals for crypto-based financial products, stating that the SEC is working through litigation and internal deliberations related to digital assets.
She added
“People have to be patient. We have some ongoing litigation we’re trying to work through. We have lots of other considerations.”
Peirce is a long-known advocate for the crypto industry, which has earned…
