SEC Commissioner Urges Lessons Learned and Fair Treatment in Future Crypto ETF Reviews
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SEC Commissioner Hester Peirce said lessons learned while approving Bitcoin ETFs "will stick with us" and the SEC shouldn't need courts to tell them their approach is "arbitrary and capricious."
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Peirce hopes future crypto ETF applications won't face long court cases and appeals; the SEC should apply "same consideration" to similar products.
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Peirce cautioned not to predict outcomes for any particular exchange-traded product as "facts and circumstances do matter."
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Peirce criticized the SEC's "problematic" handling of the Bitcoin ETF approval for generating anticipation and enabling the unauthorized tweet.
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Peirce doubled down on her criticism of the SEC for "withholding investments we do not like," saying people should decide if they want these products.