Published by CentBit.Online – Crypto & Blockchain Expert, Banglades
In a rare moment of regulatory transparency, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has publicly admitted that the agency “really mishandled” its approach to Bitcoin exchange-traded products (ETPs), including spot Bitcoin ETFs.
Peirce, often referred to in the crypto world as “Crypto Mom”, made the remarks during a fintech policy event in Washington, D.C., where she criticized the SEC’s past reluctance to approve spot Bitcoin ETFs, despite growing institutional demand and maturing market infrastructure.
“We really mishandled the way we approached Bitcoin exchange-traded products,” Peirce stated. “We ignored market signals, innovation opportunities, and investor demand for far too long.”
A Long-Overdue Admission
The SEC had repeatedly rejected or delayed dozens of spot Bitcoin ETF applications over the past decade, citing concerns over market manipulation and inadequate surveillance. It wasn’t until January 2024 that the agency finally approved several spot Bitcoin ETFs—including those from BlackRock, Fidelity, and ARK Invest—after intense political, legal, and public pressure.
Peirce’s comments reflect what many in the crypto industry have long believed: that the SEC’s delay slowed down innovation and pushed U.S. crypto activity offshore.
“Investors were forced into less regulated alternatives while the SEC stalled,” Peirce said. “It was not good for consumer protection or market growth.”
Market Reaction and Industry Response
The crypto community widely applauded Peirce’s candor, with many calling her one of the few regulators who consistently supported digital asset innovation.
Following her statement, crypto markets saw a modest uptick, with Bitcoin rising back to $103,800 amid renewed optimism over future regulatory alignment.
“Commissioner Peirce’s honesty is refreshing and important,” said [Insert Analyst Name], legal researcher at CentBit.Online. “It shows there’s still hope for rational and tech-forward crypto regulation in the U.S.”
What This Means for Bangladesh
The SEC’s delayed stance on Bitcoin ETFs had ripple effects globally. Bangladesh, which has historically restricted crypto activities, often looks to major economies like the U.S. for regulatory precedent.
“When U.S. regulators admit past mistakes, it opens the door for other nations—like Bangladesh—to reevaluate their own policies,” said [Insert Your Name], founder of CentBit.Online.
As crypto ETFs gain legitimacy, countries in South Asia may soon face pressure to create clearer frameworks for digital asset trading, custody, and investment vehicles—potentially unlocking new fintech opportunities.
Conclusion
SEC Commissioner Hester Peirce’s admission that the agency mishandled its oversight of Bitcoin ETFs marks a historic acknowledgment from one of the world’s most influential regulators. As digital assets continue to gain mainstream traction, this moment could reshape global attitudes toward crypto regulation.
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