Hester Peirce, known as the “Crypto Mom” for her pro-cryptocurrency views, has commented on the increasing interest among investors and lawmakers in spot Bitcoin Exchange-Traded Funds (ETFs). Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), expressed her support for such investment products and emphasized that it is not the SEC’s role to dictate what assets investors can invest in. She also urged investors to remain skeptical and cautious about their investment choices. Peirce stated that there is a growing interest among lawmakers, including in Congress, to establish effective regulations for cryptocurrencies. The article also mentions new regulations in California targeting scammers exploiting bitcoin ATMs, the outperformance of Bitcoin compared to traditional assets, and anticipated inflows resulting from the potential approval of a spot Bitcoin ETF.
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