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SEC will ‘apply precedent’ when making decision on spot ether ETFs: Peirce
Securities and Exchange Commission Commissioner Hester Peirce believes that the spot ether ETFs won’t need a court battle to get an approval. When asked by Coinage media if the SEC will hold off on approving spot bitcoin ETFs until a court case is pushed through the legal system, Peirce said, “that’s not how we’re going to do our approvals.” “We need to just be applying regular [consideration] to these products. The same kind of consideration that we apply to similar products and, so, we shouldn’t need a court to tell us that our approach is arbitrary and capricious in order for us to get it right,” ... (full story)