The representative of the US Securities and Exchange Commission (SEC), Hester Pierce, one of her five commissioners, answered a number of questions during the “ What Bitcoin Did ” podkasata and confirmed that the approval of Bitcoin -ETF, “of course, can happen.”
Pierce became known to the cryptocurrency community when she disagreed about the rejection of the Winklevoss brothers' application to launch their own Bitcoin ETF. Then she publicly stated that she did not share the opinion of the SEC about the fact that Bitcoin "is not mature enough, does not have the necessary reputation and is not regulated properly to release it to the markets." According to Pierce, the SEC goes beyond its authority, assessing the underlying asset, and not the market in which it could bargain.
During the podcast, she stated that the SEC should not restrain innovation and avoid undue interference. Pierce explained that the regulator attracted experts in the field of cryptocurrency , which contributed to the formation of a cautious position. She considers these actions reasonable to prevent consumer fraud, but at the same time calls for the opportunity to develop advanced technologies.
“If you just call something a cryptocurrency, this does not mean that you can break the rules that were adopted many years ago. But I really think that we should slightly open the doors to innovation, ” she said, adding that all applications for launching Bitcoin-ETF, which were rejected to this day, remain open.
Pierce recalled that earlier the SEC had called on the public to comment on the Bitcoin-ETF, and called this process extremely useful, since the consideration of applications is associated with continuous discussions and consideration of various opinions.
Recently traded on an exchange ETP product tied to a bitcoin course , was approved to run on the largest Swiss stock exchange SIX.
