I served with Hester Peirce at the SEC for many years, she is a dedicated public servant, brilliant lawyer and exceptional economic thought leader. I also revere the WSJ — its editorial board is comprised of some of the most distinguished financial experts in the world. But, respectfully, Peirce and the WSJ editorial board are dead wrong about bitcoin ETFs.
This article explains why the SEC’s bitcoin ETF denial was not only appropriate and consistent with the SEC’s mission of investor protection, but it was also spot-on.
‘Enforcement 40’ for 2020
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