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SEC Commissioner Says Application Queue Is Growing Post Grayscale Reversal

GLOBAL
  • Comments dropping from SEC Commissioner, Hester Pierce, speaking on crypto at Money 20/20 Conference. Worth highlighting given Bitcoin’s latest advance above $31,000 – just shy of the year’s best levels.
    • Application queue is growing post grayscale reversal - BBG
    • Problematic that bitcoin products get more SEC scrutiny - BBG
    • Worry some SEC crypto action could have adverse impact - BBG
    • "I can't say whether or not the commission is ready to approve a bitcoin exchange-traded product. I've been thinking we should approve one for the last five years," Peirce said on Monday during a television interview with CNBC. "The logic for why we haven't has always mystified me."

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