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0.64%SEC Commissioner Peirce Says Market Is Ready for a Bitcoin ETP
Peirce also pushed back against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing.
By Danny Nelson
Updated Sep 14, 2021, 12:10 p.m. Published Feb 11, 2021, 3:08 p.m.
U.S capital markets are ready for a bitcoin exchange-traded product, U.S. Securities and Exchange Commissioner Hester Peirce said on CoinDesk TV Thursday.
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- The regulator playfully known as "crypto mom" said people are already eager to trade a bitcoin ETP, "and so if we don’t give them the natural way, which I think would be an ETP, they are going to look for other (less optimal) ways to do it."
- Peirce also pushed back in her interview against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing. She cast doubt on the size of the alleged problem and insisted there was no way to ban bitcoin outright.
- Pierce said she looks forward to working with SEC chairman nominee Gary Gensler once the former MIT digital currency professor is confirmed by the Senate.
Danny Nelson
Danny was CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
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