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SEC Botches Bitcoin ETF Rollout—Hester Peirce Calls Out Regulatory Fumble
SEC Botches Bitcoin ETF Rollout—Hester Peirce Calls Out Regulatory Fumble
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SEC Commissioner Hester Peirce slams her own agency’s clumsy handling of Bitcoin ETF approvals—another case of regulators playing catch-up while Wall Street profits.
Peirce, long a crypto advocate within the SEC, didn’t mince words: the rollout was ’terribly managed,’ leaving issuers and investors in limbo. Classic government efficiency—delay for years, then rush the launch.
Meanwhile, institutional players already found backdoor exposure through futures and OTC markets. The SEC’s foot-dragging just ensured they got richer before retail could join the party.
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