Peirce also pushed back against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing.
U.S capital markets are ready for a bitcoin exchange-traded product, U.S. Securities and Exchange Commissioner Hester Peirce said on CoinDesk TV Thursday.
The regulator playfully known as "crypto mom" said people are already eager to trade a bitcoin ETP, "and so if we don’t give them the natural way, which I think would be an ETP, they are going to look for other (less optimal) ways to do it."
Peirce also pushed back in her interview against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing. She cast doubt on the size of the alleged problem and insisted there was no way to ban bitcoin outright.
Pierce said she looks forward to working with SEC chairman nominee Gary Gensler once the former MIT digital currency professor is confirmed by the Senate.