Ethereal ETF Approvals: SEC Commissioner Suggests Court Lawsuit Not Necessary
In a recent interview, Hester Peirce, Commissioner at the Securities and Exchange Commission (SEC), commonly known as “Crypto Mom,” expressed that a court lawsuit may not be required for the SEC to approve spot Ethereum (ETH/USD) exchange-traded fund (ETF) applications. Peirce stated that the SEC shouldn’t have to rely on a court ruling to correct its approach, saying, “We shouldn’t need a court to tell us that our approach is ‘arbitrary and capricious’ in order for us to get it right.” She cited the Grayscale court ruling on Bitcoin ETFs as evidence that future decisions wouldn’t necessarily require legal intervention.
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