Hester Peirce, an SEC commissioner, criticized the agency for its mishandling of Bitcoin ETF approvals that stretched over a decade. Her comments came during a podcast discussion, where she called for patience while waiting for the SEC to review various crypto investment products.
Peirce warned that SEC approval does not imply endorsement of products, advising investors to evaluate offerings independently. The SEC is currently overwhelmed with applications for crypto-focused ETPs, adding to the complexity of regulatory discussions.
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