SEC Commissioner Hester Peirce has made strong remarks regarding the prolonged approval process of the Spot Bitcoin ETF, stating that this is a prime example of "poor management". She emphasized that this delay not only disheartens current investors but also affects an entire generation seeking investment opportunities in the crypto space.
Ms. Peirce calls on the crypto community to maintain a spirit of patience while awaiting new approvals related to ETF products as well as the establishment of a clearer regulatory framework. According to her, the SEC is facing various challenges, including ongoing lawsuits, which have somewhat impacted the approval process.
The current situation serves as a reminder of the need for a more effective management system, not only to protect investors but also to promote the development of the digital asset sector. The community needs to continue to closely monitor and hope for a more positive future for this industry.
