{"id":463992,"date":"2022-06-16T23:00:00","date_gmt":"2022-06-16T20:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/hester-peirce-expresses-strong-support-for-crypto-spot-etfs-and-regulatory-structure\/"},"modified":"2022-06-16T23:00:00","modified_gmt":"2022-06-16T20:00:00","slug":"hester-peirce-expresses-strong-support-for-crypto-spot-etfs-and-regulatory-structure","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/hester-peirce-expresses-strong-support-for-crypto-spot-etfs-and-regulatory-structure\/","title":{"rendered":"# Hester Peirce expresses strong support for crypto spot ETFs and regulatory structure"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a34fd18d4bf6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a34fd18d4bf6\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/hester-peirce-expresses-strong-support-for-crypto-spot-etfs-and-regulatory-structure\/#%E2%80%9D_Hester_Peirce_expresses_strong_support_for_crypto_spot_ETFs_and_regulatory_structure_%E2%80%9C\" >&#8221; Hester Peirce expresses strong support for crypto spot ETFs and regulatory structure &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Hester_Peirce_expresses_strong_support_for_crypto_spot_ETFs_and_regulatory_structure_%E2%80%9C\"><\/span>&#8221; Hester Peirce expresses strong support for crypto spot ETFs and regulatory structure &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvN2ExMWI0ZWMtZjYwMi00YWZkLTkyMTQtNzg4YTRkMjY0MzdhLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>United States Securities and Exchange Commission (SEC) commissioner Hester Peirce, sometimes known as Crypto Mom for her ardent support of the industry, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/news\/speech\/peirce-remarks-regulatory-transparency-project-conference\">spoke<\/a> Tuesday at a conference hosted by the conservative-libertarian Federalist Society titled \u201cRegulating the New Crypto Ecosystem: Necessary Regulation or Crippling Future Innovation?\u201d Her lengthy remarks \u2014 over 4,000 words in the prepared version, which was augmented extemporaneously as she <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=Ml8GrK0kFvQ\">presented<\/a> it \u2014 contain some of the bluntest criticisms of SEC policy she has made yet.<\/p>\n<p>Peirce characterized the SEC\u2019s attitude toward the crypto market as a \u201crefusal to engage\u201d and suggested that the SEC\u2019s refusal so far to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>rove a spot-traded Bitcoin\u00a0(BTC)\u00a0product showed the agency\u2019s determination to hold everything related to Bitcoin to a higher standard than other products it regulates. <\/p>\n<p><strong><em>Related: Bitcoin investment giant Grayscale debuts ETF in Europe<\/em><\/strong><\/p>\n<p>Peirce pointed to an ETP disapproval order issued last month as an example of the SEC\u2019s \u201cstandard denial rationale,\u201d demanding a higher level of resistance to fraud and manipulation than those to which traditional markets are held. It is difficult to see how approval can be gained, Peirce said, and the agency\u2019s position becomes more entrenched with every disapproval. Peirce adds:<\/p>\n<blockquote><p>\u201cWhy does this matter? Investors might prefer a spot bitcoin ETP to other options, and we ought to care about what investors want.\u201d<\/p><\/blockquote>\n<p>Peirce continued this line of thought as she considered those who do not want to see cryptocurrency \u201cdragged\u201d into a traditional financial regulatory structure. She countered:<\/p>\n<blockquote><p>\u201cThe concern for liberty and personal autonomy that drives you to prefer \u2018we-at\u2019 to fiat ought also [to] cause you to reject a government that arbitrarily limits people\u2019s investment options.\u201d<\/p><\/blockquote>\n<p>Peirce linked the SEC\u2019s resistance to approving a Bitcoin spot product to a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> unwillingness to create a regulatory infrastructure for crypto. She pointed out a variety of initiatives that have been suggested to move forward with regulation.<\/p>\n<p>Messari co-founder and CEO Ryan Selkis, Center for American Progress director of financial regulation and corporate governance Todd Phillips and Coin Center executive director Jerry Brito were panelists for the ensuing discussion.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/hester-peirce-expresses-strong-support-for-crypto-spot-etfs-and-regulatory-structure\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Hester Peirce expresses strong support for crypto spot ETFs and regulatory structure &#8220; United States Securities and Exchange Commission (SEC) commissioner Hester Peirce, sometimes known as Crypto Mom for her ardent support of the industry, spoke Tuesday at a conference hosted by the conservative-libertarian Federalist Society titled \u201cRegulating the New Crypto Ecosystem: Necessary Regulation&#8230;<\/p>\n","protected":false},"author":1,"featured_media":463993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvN2ExMWI0ZWMtZjYwMi00YWZkLTkyMTQtNzg4YTRkMjY0MzdhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,75849,74898,70934],"class_list":["post-463992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-etf","tag-sec","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/463992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=463992"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/463992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/463993"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=463992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=463992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=463992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}