‘Crypto Mom’ criticizes SEC for “smothering ETFs with personalized attention,” reiterates support for the Winklevoss twins’ bitcoin ETF

SEC Commissioner Hester Peirce thinks her agency is being overly cautious on its considering of a cryptocurrency ETF, urging for new ETF rules that can accelerate the approval process, the Financial Times writes.

At a conference in New York last month, the SEC commissioner, who has been referred to as “Crypto Mom," said that the SEC was “still smothering ETFs with personalized attention as if they were infants.” Currently, asset managers hoping to open a new EFT usually apply under the purview of the 1940 Investment Company Act, which is said to be more stringent in approving cryptocurrency funds.

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