'I know there are a lot of people who are very critical of the SEC and I'm quite critical often of my own agency as well,' Peirce said in an interview with Coinage's Zack Guzman.
Speaking to Coinage co-founder and former Yahoo Finance reporter Zack Guzman, the Republican commissioner weighed in on the ongoing race to launch a spot bitcoin exchange-traded fund, noting that standards applied to such a product have been"a moving target" and"not consistent with how we've treated other products."
Advocates for a spot ETF have argued that futures-based ETFs also relies on pricing from underlying spot exchange venues. The recent round of filings identify partnerships with Coinbase for market surveillance to potentially mollify that concern.
"I know there are a lot of people who are very critical of the SEC, and I'm quite critical often of my own agency as well," she said."And I think one of the reasons that I've been critical and that some others have been critical is that in the absence of a regulatory framework that makes sense."
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