SEC Commissioner Peirce: Bitcoin Is A “Big Learning Curve,” But Many Issues Need Addressing

2018-11-26 17:05

News outlet, AMB Crypto, recently reported an in depth look at U.S SEC Commissioner, Hester Peirce’s opposition regarding the Winklevoss Twins’ proposed exchange-traded fund (ETF), which was supposedly shared via a podcast episode dubbed, “What Bitcoin Did.”

Based on the comments she made, it looks like she is for blockchain technology and cryptocurrencies and does in fact see potential in the tech sector, but due to her “mandates” there still remains a lot to follow by.

As reported by AMB Crypto, at the time of the opposition, Peirce said:

“I reject the role of gatekeep of innovation – a role very different from [and indeed, inconsistent with] our mission of protecting investors, fostering capital formation, and facilitating fair, orderly, and efficient markets. Accordingly, I dissent.”

In explaining her conclusions, Peirce noted that as a regulator, she had to consider the larger picture of what’s at stake and the benefits that could potentially come out of it. Here’s a point she makes in the deciding factor of said proposals:

“We have a specific mandate and I want to make sure we stick to that mandate and then allow innovation within the mandate as much as possible.”

It seems like the Commissioner feels that as a regulator, there should be a limit to intervening, which sometimes goes off track. As per her quote,

“We try to become a little more interventionist and what we allow and don’t allow, and I think that’s not really where we belong.”

As for when she was first introduced to Bitcoin and what she got out of that experience, she shared that, it was during her university time and that “it’s a big learning curve.” She also noted that she keeps updating her knowledge by listening to “podcasts that discuss the issue,” and has discussions with specialists within the field to learn more.

However, as previously mentioned, she keeps referring to the mandates she has and how she’s keeping up with many issues.

Given that the SEC has rejected nearly 9 to 10 ETFs by now, are you convinced that they are still for the blockchain and crypto sphere after reading this? Share right down below!

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sec she commissioner peirce bitcoin dubbed episode

Èñòî÷íèê: bitcoinexchangeguide.com

sec she → Ðåçóëüòàòîâ: 21


Ôîòî:

The SEC Is Delaying Another Bitcoin ETF Decision

The United States Securities and Exchange Commission (SEC) is in no hurry to review the pile of Bitcoin ETF filings it has been accumulating over the past year. Not three weeks since postponing its decision on five other Bitcoin ETFs, the SEC has indicated in a public statement that it will be delaying its decision to approve or reject SolidX Bitcoin Shares until late September.

2018-8-8 17:15


SEC Comm. Hester Pierce Hopes Her Dissent Will Shed Some Lights on The Next Crypto ETF Application

After publishing a letter in which she publicly expressed her disagreement with the SEC’s decision to deny the Winklevoss brothers’ request for a bitcoin ETF, Hester Peirce became famous in the crypto -verse as the only SEC Commissioner to have the courage to reflect the hodlers’ feelings about the legitimacy of cryptocurrency and its viability […] The post SEC Comm.

2018-8-3 22:00


Ôîòî:

‘No Reason to Not Allow’ the Bitcoin ETF to Go Ahead — Says SEC Commissioner

SEC Commissioner Hester Peirce explained why she is pro-Bitcoin ETF and why the Commission rejected the Winklevoss’ Twins latest rule change application. ‘I’m a Big Fan of Innovation’ In an interview with CNBC’s Cryptotrader host, Ran Neuner, SEC Commissioner Hester Peirce explained that she is currently one of four commissioners responsible for the fate of the Bitcoin ETF (though there are typically five when Commission is at full strength).

2018-8-2 14:00


[WATCH] SEC Commissioner Hester Peirce’s Interview on Bitcoin ETF Approval

Hester Peirce, an SEC Commissioner, has received a great deal of attention lately for her comments concerning cryptocurrency and her dissent in the SEC’s denial of Winklevoss’s ETF. Here is the full video of the entire hour long interview conducted by CNBC Africa's Crypto Trader show Ran NeuNer: SEC commissioner @HesterPeirce talks about why she […]

2018-8-2 01:26


Newly Appointed SEC Official Urges Crypto Enthusiasts to “Come into Compliance”

U.S Securities and Exchange Commission (SEC)’s latest appointed officer is none other than Valerie Szczepanik, who was given the responsibility to oversee the cryptocurrency industry. She is definitely one that doesn’t stand against innovation, however, she believes that the lack of compliance on the part of crypto investors, is what’s bringing unnecessary complexities. In particular, […]

2018-7-31 22:17


Ôîòî:

SEC Commissioner Officially Dissents From New Bitcoin ETF Decision, Becoming Popular on The Crypto Community

Following the SEC’s decision to reject the application for approval of the Winklevoss Bitcoin Trust for listing and trading shares on Bats BZX Exchange, Inc. (BZX), the SEC Commissioner Hester Peirce issued an official Dissent in which she states her opinion regarding what she considers an incorrect decision: “I respectfully dissent from the Commission’s order […] The post SEC Commissioner Officially Dissents From New Bitcoin ETF Decision, Becoming Popular on The Crypto Community appeared first on Ethereum World News.

2018-7-27 19:12


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