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SEC Commissioner Predicts Early Improvements for Crypto ETFs Under New Leadership
In a recent interview, Hester Peirce, the United States Securities and Exchange Commission (SEC) Commissioner, expressed optimism about the prospects of cryptocurrency-based exchange-traded funds (ETFs) under new leadership. While acknowledging that there are still significant regulatory hurdles to overcome, she predicted early improvements in this area.
The SEC has been notoriously slow to approve a Bitcoin ETF, much to the frustration of many investors and enthusiasts in the crypto space. However, with the recent appointment of Gary Gensler as Chairman, some hope for change is brewing.
“I think it’s quite likely that we’ll see some progress on this issue,” said Peirce during her conversation. She emphasized the importance of finding a regulatory framework that balances innovation and investor protection.
Notably, Commissioner Peirce did not rule out the possibility of an ETF approval in the near future. In fact, she suggested that the SEC might consider approving a crypto ETF under certain conditions or restrictions, which would allow it to move forward while still addressing potential risks.
The crypto community has been eagerly waiting for a breakthrough on this front, as the lack of approved ETFs hinders mainstream adoption and limits investment opportunities in the space. If Peirce’s prediction comes true, it could be a significant catalyst for growth and increased institutional investment.
While there is no guarantee that regulatory approval will come soon or at all, Commissioner Peirce’s words offer a glimmer of hope that has been absent for quite some time. The crypto industry needs clarity on this matter to continue driving innovation and creating value.
What do you think about the potential for early improvements in crypto ETFs under new leadership? Share your thoughts with us in the comments below!
Source: cryptoslate.com
