SEC Commissioner Hester Peirce has sharply criticized the approval process for bitcoin ETFs, asserting it lacks transparency and needs improvement. Her comments directly impact bitcoin and ether market dynamics, triggering industry discussions about regulatory oversight. Peirce’s criticism highlights a pressing need for clear regulatory guidelines in this space, as the SEC’s decision to green-light Bitcoin ETFs has sparked debate amongst financial institutions who are reevaluating their strategies amid uncertainty surrounding the evolving regulatory landscape. Past ETF application rejections also point towards existing regulatory challenges with market integrity concerns. Peirce emphasized that ‘the Commission did not find that such a market existed, but also found ‘sufficient other means’ of preventing fraud and manipulation’ to justify dispensing with an SEC-regulated market of significant size for the approval of spot bitcoin and ether ETPs.