Binance News
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SEC Commissioner Criticizes Poor Management of Bitcoin ETF Approval
According to reports by Wu, SEC Commissioner Hester Peirce stated in an interview that the approval process for spot Bitcoin ETFs is 'seriously mismanaged.' She criticized the regulatory agency for its 'weak explanations for changing its mind.'
Peirce urged market participants to be patient with the approval of Exchange-Traded Products (ETPs) for cryptocurrencies. She noted that the SEC is dealing with multiple lawsuits and other issues, and emphasized that SEC approval does not mean the product is a good investment; investors should make their own judgments.
Peirce urged market participants to be patient with the approval of Exchange-Traded Products (ETPs) for cryptocurrencies. She noted that the SEC is dealing with multiple lawsuits and other issues, and emphasized that SEC approval does not mean the product is a good investment; investors should make their own judgments.
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