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SEC Commissioner Hester Peirce Asserts Justification for Bitcoin ETF Approval in Bloomberg Interview

11/23/2023

In a Bloomberg-transmitted interview, SEC Commissioner Hester Peirce stated, "There is no reason for us to block the approval of a Bitcoin ETF outright." The impactful statements from the commissioner propelled Bitcoin, witnessing a surge of over 5% on November 22.


Engaging in a conversation with Bloomberg's Kailey Leinz and Sonali Basak, Peirce shared her personal opinions on the SEC's decision-making process regarding Bitcoin spot ETF proposals. The discussion also delved into the agency's regulation of cryptocurrency assets and other related topics.


Hester Peirce is widely recognized for her cryptocurrency-friendly stance within the United States Securities and Exchange Commission (SEC). A proponent of responsible regulation in the sector, the commissioner believes in the transformative potential of cryptocurrencies in business transactions. Appointed to the SEC by President Donald Trump in 2018, Peirce stands out as the sole commissioner who voted against regulations that could harm the cryptocurrency sector. Additionally, she is the only commissioner who voted in favor of approving a Bitcoin ETF, earning her the affectionate nickname "Mother of Cryptocurrencies."

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