In a landmark decision, the United States Securities and Exchange Commission (SEC) approved the trading of spot Bitcoin exchange-traded funds (ETFs) yesterday, a pivotal moment that has been long anticipated by the industry. However, this decision has not been without its internal controversies, as highlighted by the outspoken SEC Commissioner Hester Peirce, known in the crypto community as “Crypto Mom.”
Notably, the SEC spot ETF approval passed with a 3-2 vote. Three commissioners (Gary Gensler, Hester Peirce, and Mark Uyeda) were in favor of the approval, two against (Caroline Crenshaw and Jaime Lizárraga), as Bitcoinist reported.
Bitcoin ETF Approval Reveals Divide At The SEC
In a detailed and critical statement, Commissioner Peirce chastised the SEC for its extensive delays in approving BTC ETFs, suggesting that these delays have had significant repercussions. “Today marks the end of an unnecessary, but consequential, saga,” Peirce declared, shedding light on the over-deca
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