9-5-2025 – SEC Commissioner Hester Peirce has laid bare her misgivings about the landmark Bitcoin spot ETF approval from 2024, labelling the decision-making process as “severely mismanaged” during a recent podcast appearance.
The frank assessment comes amidst ongoing legal challenges facing the Securities and Exchange Commission, with Peirce particularly scathing about the reasoning behind the eventual green light. Her candid remarks underscore the contentious nature of the approval, which followed years of regulatory hesitation.
Whilst the financial watchdog grapples with roughly 80 fresh cryptocurrency ETF proposals, Peirce’s measured advice to investors stands out: SEC approval should not be misconstrued as an investment endorsement.
