SEC’s Crypto Task Force Critiques ETF Approval Process: Focus on Transparency and Innovation

The SEC’s Crypto Task Force has raised concerns about the approval process for crypto Exchange-Traded Funds (ETFs), criticizing its lack of transparency and potential for hindering innovation. Hester Peirce, head of the task force, highlighted the need for a clearer regulatory approach to foster market growth and attract new investment in the burgeoning crypto industry.