SEC Commissioner Calls Bitcoin ETF Approval Process ‘Terribly Mismanaged’

Hester Peirce, a commissioner at the Securities and Exchange Commission (SEC), has criticized the agency’s approach to approving Bitcoin ETFs, labeling it as ‘terribly mismanaged’. Her outspoken comments reflect ongoing frustrations within the crypto industry over the SEC’s slow and inconsistent handling of digital asset products. Peirce, known for her pro-innovation stance, pointed out the years-long delay in approving Bitcoin ETFs despite growing investor interest and court decisions challenging the agency’s inaction.