Crypto Mom Slams SEC’s Bitcoin ETF Approval Delays, Calls for Regulatory Reform
SEC Commissioner Hester Peirce, affectionately known as ’Crypto Mom,’ has publicly criticized the prolonged approval process for spot Bitcoin ETFs, labeling it as mishandled. In a recent interview, Peirce highlighted the need for patience and better regulatory frameworks to support the growing cryptocurrency market.
SEC’s Crypto Mom Criticizes Bitcoin ETF Approval Process, Urges Patience
Hester Peirce, the SEC’s Crypto Task Force lead and a staunch advocate for digital assets, has openly criticized the decade-long approval process for spot Bitcoin ETFs. Known as ’Crypto Mom,’ Peirce described the regulatory journey as mishandled during a recent Bloomberg Trillions podcast interview.
The SEC continues to navigate litigation and internal deliberations on crypto-based financial products. Peirce emphasized the need for market participants to maintain patience amid ongoing delays, reflecting her consistent pro-industry stance.
Her remarks follow January 2024’s landmark bitcoin ETF approvals, which she previously lambasted for unnecessary procedural hurdles. The crypto community watches closely as regulators grapple with balancing innovation and investor protection.
Dow and Bitcoin Rally as U.S.-U.K. Trade Deal Progresses
Markets surged on Thursday as trade tensions eased following confirmation of an impending trade agreement between the U.S. and the U.K. The Dow Jones Industrial Average climbed 254 points, or 0.62%, while the S&P 500 and Nasdaq Composite gained 0.58% and 1.07%, respectively. Alphabet shares also ROSE after the company countered claims of declining search traffic, reinforcing investor confidence.
Bitcoin reclaimed the $100,000 level for the first time since early February, signaling renewed bullish momentum. The rally coincided with U.S. President Donald Trump’s announcement that a trade deal with the U.K. could be finalized within weeks. Market participants interpreted the progress as a tailwind for risk assets, including cryptocurrencies.
Bitcoin Exchange Inflows Reflect Institutional Activity, Minimal Long-Term Holder Selling
Bitcoin exchange inflows over the past month reveal a market dominated by institutional players rather than long-term holders. Nearly 75% of daily deposits consisted of coins that had last moved within 24 hours, indicating high-frequency trading activity rather than strategic distribution by long-term investors.
The data suggests professional entities are cycling liquidity or managing inventory, not capitulating. This pattern of ultra-fresh supply—averaging 75.3% of daily inflows since April 6—points to a market where institutional activity drives near-term sell-side pressure while long-term holders remain steadfast.
Bitcoin Surges Past $100K as Crypto Market Cap Reclaims $3 Trillion
Bitcoin shattered the $100,000 barrier for the first time in months, fueling a broader cryptocurrency rally that pushed the global market capitalization above $3 trillion. The breakthrough follows a landmark US-UK trade deal that injected Optimism across both traditional and digital asset markets.
BTC’s 5% single-day surge to $101,329 marked a psychological milestone for investors, with altcoins mirroring the upward momentum. Market participants now debate whether this represents the beginning of a sustained bull run or a temporary liquidity-driven spike.
MARA Holdings Reports $533M Q1 Loss Amid Bitcoin Holdings Growth
Bitcoin miner MARA Holdings disclosed a $533 million net loss for Q1 2024, driven primarily by Bitcoin valuation adjustments. Revenue climbed 30% year-over-year to $214 million, falling short of analyst expectations despite record BTC accumulation.
The firm’s holdings surged to 47,531 BTC—a 174% increase from Q1 2023—while mining output dropped 19% post-halving. This paradox highlights the operational squeeze facing miners as block rewards diminish.
