SEC Commissioner worried that the U.S. is lagging behind the global Bitcoin ETF

Securities and Exchange Commission (SEC) Hester Pierce Concerned that the United States is lagging behind global jurisdictions in adopting cryptocurrency exchange-traded funds (ETFs).

During the online debut of Bitcoin (Bitcoin) Conference “The B Word”, Pierce precise So far, many other countries such as Canada have been trading crypto ETFs, while the United States is still deciding whether to approve this trading tool, noting:

“I never thought I would be in this situation. We have not approved one yet, and other countries are moving forward.”

The SEC Commissioner also mentioned her concern that US regulators may exceed their mandate by forcing the local crypto industry to comply with a set of rules different from anyone else.

“We are not a good regulator, so we should not decide whether something is good or bad. Investors will consider their entire portfolio. Sometimes we will consider a particular product to exist independently at one time. We forget that people are Build a portfolio,” she pointed out.

Peirce’s latest remarks are consistent with her recent criticism of U.S. crypto regulation, as the SEC Commissioner again urged the authorities last month Restrain their efforts Over-regulate the encryption industry.Despite the call for a softer regulatory stance on cryptocurrencies, the Commissioner still believes Clear encryption rules are essential Let the industry flourish without worrying about breaking the law. As a long-time encryption advocate, Peirce is widely known as the “crypto mom” in the crypto community.

related: Fund management company Global X submits Bitcoin ETF documents to the U.S. Securities and Exchange Commission

As previously reported, U.S. regulators have Delay multiple approvals After delaying such decisions for the past few years, there have been problems with crypto ETFs recently. At the same time, some countries around the world have approved or launched Bitcoin ETF transactions, 3iQ and CoinShares Bitcoin ETF Listed on the Toronto Stock Exchange In April. Canadian fund managers, such as the previous purpose investment and Evolve Funds Group Launch of Bitcoin ETF trading as well as.