After a difficult few days, the cryptocurrency market seems to be starting to recover and more good news may be in store as a Commissioner with the United States Securities and Exchange Commission (SEC) is questioning the agency’s practices concerning the approval of crypto spot exchange-traded funds (ETFs).
Specifically, Commissioner Hester M. Peirce has urged the SEC to “stop denying categorically spot crypto exchange-traded products,” in her remarks at “Regulatory Transparency Project Conference on Regulating the New Crypto Ecosystem: Necessary Regulation or Crippling Future Innovation?” on June 14.
According to Peirce, “the Commission’s resistance to a spot bitcoin ETP is becoming almost legendary,” and she has no idea how to answer the frequent question of when the SEC is going to approve a Bitcoin (BTC) ETP.
‘Reasons difficult to understand’
She stressed that:
“The reasons for this resistance to a spot product are difficult to understand apart from a recognition that the...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...