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Multiple Agencies Are Vying To Supervise Digital Assets, SEC Commissioner Hester Peirce Said
Summary: During the Virtual Finance Innovation Summit hosted by Bloomberg, Hester Peirce, the U.S. Securities and Exchange Commission (SEC) Commissioner, stated that it will take some time for regulators to reach a consensus on the spot Bitcoin Exchange Traded Fund (ETF). Peirce talked about the slow progress in the regulation of digital assets, partly because there are ...
During the Virtual Finance Innovation Summit hosted by Bloomberg, Hester Peirce, the U.S. Securities and Exchange Commission (SEC) Commissioner, stated that it will take some time for regulators to reach a consensus on the spot Bitcoin Exchange Traded Fund (ETF).
Peirce talked about the slow progress in the regulation of digital assets, partly because there are several regulatory agencies vying for jurisdiction. Congress, SEC, and Commodity Futures Trading Commission (CFTC) all have some jurisdictional requirements. Peirce said that no matter which institution is responsible for establishing the boundaries of digital assets, SEC Chairman Gary Gensler will continue to advocate for the supervision of crypto at the federal level.
By Mary Liu
Tags: CFTC,ETF,Hester Peirce,Regulation,SEC
Link: Multiple Agencies Are Vying To Supervise Digital Assets, SEC Commissioner Hester Peirce Said [Copy]
