{"id":44888,"date":"2021-06-24T10:38:16","date_gmt":"2021-06-24T07:38:16","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44888"},"modified":"2025-08-31T19:07:54","modified_gmt":"2025-08-31T16:07:54","slug":"sec-commissioner-hester-peirce-declines-to-name-timelines-for-bitcoin-etf-approval","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sec-commissioner-hester-peirce-declines-to-name-timelines-for-bitcoin-etf-approval\/","title":{"rendered":"SEC commissioner Hester Peirce declines to name timelines for Bitcoin ETF approval"},"content":{"rendered":"<p>Commissioner <span data-descr=\"US Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> Hester Peirce found it difficult to name the factors that could remove obstacles to approving a Bitcoin-based exchange-traded fund. The Block reports.<\/p>\n<p>During a virtual conference, Peirce expressed support for the DeFi sector and criticised the SEC&#8217;s enforcement-focused approach toward industry participants.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cIf we can bring clarity to some gaps in DeFi, we should do so. It\u2019s obvious: if you cloak yourself in this veil but remain centralised, then securities laws should apply,\u201d<\/em> the commissioner explained.<\/p>\n<\/blockquote>\n<p>Unlike her colleagues, Peirce is not deterred by the prospect of fully decentralised financial platforms.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cRemoving intermediaries could have a positive impact on financial stability and provide easy access to financial services on transparent terms. This is a positive development,\u201d<\/em> she emphasised.<\/p>\n<\/blockquote>\n<p>The commissioner compared DeFi projects to large tech companies that abused their position and faced antitrust investigations and lawsuits. Peirce argues that DeFi can provide a safe alternative.<\/p>\n<p>In one of her previous interviews, Hester Peirce <a href=\"https:\/\/forklog.com\/en\/news\/sec-commissioner-hester-peirce-warns-against-overregulation-of-cryptocurrencies\">emphasised<\/a> that overly strict regulation of cryptocurrencies could be detrimental to financial innovation.<\/p>\n<p>In May 2020 the commissioner <a href=\"https:\/\/forklog.com\/en\/news\/sec-commissioner-hester-peirce-says-gary-genslers-leadership-could-be-a-very-productive-period-for-the-crypto-industry\">stated<\/a> that the Gary Gensler-led era of the SEC could be a \u201cvery productive period\u201d for the crypto industry.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEC Commissioner Hester Peirce struggled to name the factors that could remove obstacles to approving a Bitcoin ETF. The Block reports.<\/p>\n","protected":false},"author":1,"featured_media":44889,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1093,1311,36,128,1211],"class_list":["post-44888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-defi","tag-hester-peirce","tag-regulation","tag-sec","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=44888"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44888\/revisions"}],"predecessor-version":[{"id":44890,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44888\/revisions\/44890"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/44889"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=44888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=44888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=44888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}