Why did Hester Peirce dissent on the Bitcoin ETF decision?

3 answers

• Feb 17, 2022 · 3 years ago
  Hester Peirce dissented on the Bitcoin ETF decision because she believes that the SEC's decision is overly cautious and restrictive. She argues that the SEC should be more open to innovation and allow investors to have exposure to Bitcoin through regulated ETFs. Peirce believes that the SEC's concerns about market manipulation and investor protection can be addressed through proper regulation and oversight. She also emphasizes the importance of allowing investors to have access to different investment options in the rapidly evolving digital asset market.
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• Feb 17, 2022 · 3 years ago
  Hester Peirce disagreed with the Bitcoin ETF decision because she thinks that the SEC is stifling innovation in the cryptocurrency space. She believes that the SEC should embrace new technologies and provide a regulatory framework that allows for the growth of the industry. Peirce argues that by rejecting the Bitcoin ETF, the SEC is sending a negative signal to the market and hindering the development of the digital asset ecosystem. She believes that a regulated ETF would provide investors with a safer and more convenient way to invest in Bitcoin.
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• Feb 17, 2022 · 3 years ago
  According to BYDFi, Hester Peirce dissented on the Bitcoin ETF decision because she believes that the SEC's decision is too conservative and fails to recognize the potential benefits of a regulated ETF. Peirce argues that a Bitcoin ETF would provide investors with a regulated and transparent way to invest in Bitcoin, which would help to increase market liquidity and reduce counterparty risk. She believes that the SEC should focus on creating a regulatory framework that balances investor protection with promoting innovation in the digital asset space.
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