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 <p>In a recent conversation with Bloomberg, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce emphasized that there’s “no reason for [the SEC] to stand in the way of a spot Bitcoin ETF.”</p>
 <p>Peirce also remained tight-lipped regarding the potential approval of a spot <a rel="noopener noreferrer nofollow" title="bitcoin" href="https://thebittimes.com/tag/bitcoin.html">bitcoin</a> exchange-traded fund (ETF).</p>
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    <p lang="en" dir="ltr">JUST IN: 🇺🇸 SEC Commissioner says "there's no reason for us to stand in the way of a Spot #Bitcoin ETF." pic.twitter.com/QARwdFRXUk</p>
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    </div> — Watcher.Guru (@WatcherGuru) November 22, 2023
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 <p>When asked about reported ongoing conversations between ETF issuers and SEC staff regarding spot <a rel="noopener noreferrer nofollow" title="bitcoin" href="https://thebittimes.com/tag/bitcoin.html">bitcoin</a> ETF applications, Commissioner Peirce responded, “No, again, I really can’t comment on that.”</p>
 <h2 class="wp-block-heading" id="h-sec-s-peirce-notes-that-each-spot-bitcoin-etf-application-must-be-judged-on-its-own-merits">SEC’s Peirce notes that each Spot Bitcoin ETF application must be judged on its own merits</h2>
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 <p>Peirce noted that each application must be judged on its own merits, but said she didn’t see reasons for denying some that have come before the SEC. “And so I think we got a little bit of a nudge from the court. And we’ll see where things go from here,” she stated.</p>
 <p>That “nudge” seemingly refers to a recent court decision in a case involving Grayscale. A judge found the SEC was “arbitrary and capricious” in denying Grayscale’s application to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF.</p>
 <p>When asked if Grayscale’s application could potentially be resolved before other spot <a rel="noopener noreferrer nofollow" title="bitcoin" href="https://thebittimes.com/tag/bitcoin.html">bitcoin</a> ETF filings, Peirce declined to speculate. He said the applications are all under consideration and she cannot speak to specific timelines.</p>
 <p>This conversation comes just one day after the indictment of former Binance CEO Changpeng Zhao. CZ faces allegations of facilitating money laundering and sanctions violations. Zhao has since stepped down from his role. The timing suggests digital asset regulation continues to be a hot issue for U.S. authorities.</p>
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  <li>bitcoin</li>
  <li>sec</li>
  <li>spot bitcoin etf</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/no-reason-to-stop-a-spot-bitcoin-etf-sec-commissioner-says-tbt71284.html">https://thebittimes.com/no-reason-to-stop-a-spot-bitcoin-etf-sec-commissioner-says-tbt71284.html</a></p>

No Reason to Stop a Spot Bitcoin ETF, SEC Commissioner Says

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