“Regulatory unclearness It hurts Americans,” said SEC Commissioner Hester Peirce.

U.S. Securities and Exchange Commissioner Hester Peirce thinks regulatory ambiguity is hurting American investors byinterviewwith Coinage Media

Speaking to Finance Zack Guzman, Coinage founder and ex-Yahoo correspondent, Hester Peirce looked at the flurry of filings for the launch of a bitcoin ETF, noting that the agency’s standards for such products are “inconsistent”. “Inconsistent with how we treat other products.”

The US SEC previously approved a futures exchange-traded fund for bitcoin. It is currently facing a slew of filings for the launch of a new spot bitcoin ETF, from BlackRock to Bitwise recently filed. The agency has not currently approved a spot bitcoin ETF product, citing concerns about regulation in the underlying spot market.

regulatory ambiguity

“In other countries, spot products have been approved for a long time. And there’s a lot of demand for spot products, and I think if you look at the rationale for sanctioning futures products, it looks like you can apply that same reasoning to spot products.”

Hester Peirce also added that the “regulatory ambiguity” created by the SEC does not benefit Americans.

“I know there are a lot of people who are very critical of the SEC, and I am quite often critical of my own agency,” she said. Another criticism is that we do not have a proper regulatory framework.”

Such ambiguity could force the company or project to choose to leave the United States or shut down.

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