U.S capital markets are ready for a Bitcoin ETP - Hester Peirce.
2021-02-11 | Mike Hallen
United States Securities and Exchange Commissioner, Hester Peirce, has said that the U.S capital markets are ready for a Bitcoin ETP [Exchange-Traded Product].
The regulator playfully
referred to as "crypto mom" revealed that people are already
wanting to trade a Bitcoin [
BTC, +5.09%] ETP, "and so if we don’t give them the natural way - which
I feel would be an ETP -
they're getting to search for other [less optimal] ways
to try to it."
Peirce also pushed back against an emerging government narrative that
cryptocurrency may be a dangerous rail for terrorism funding. She cast doubt on
the dimensions of the alleged problem and insisted there was no due to ban bitcoin outright.
Pierce also explained that she looks forward to working with SEC chairman nominee Gary Gensler once
the earlier MIT digital currency professor is accepted by the senate.
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