SEC’s “Crypto Mom” Says Government Would Be Foolish to Ban Bitcoin

SEC’s “Crypto Mom” Says Government Would Be Foolish to Ban Bitcoin
  • SEC commissioner Hester Peirce said it would be “foolish” for any government to ban Bitcoin trading.
  • Peirce shared her views during a virtual event hosted by MarketWatch.
  • At the time of writing, BTC is trading at $60,096.77.

US Securities and Exchange (SEC) Commissioner Hester Peirce, dubbed “Crypto Mom”, stated that any government would be foolish if it attempts to ban Bitcoin trading.

Peirce graced a virtual event on April 7, entitled “How to Invest in Crypto”, which was hosted by MarketWatch. During a session with her, Peirce admitted that she doesn’t see how any government could ban BTC trading.

During the event, Peirce said:

A government could say it’s not allowed here, but people would still be able to do it. So I think it would be a foolish thing for the government to try to do that.

The event also saw other persons from distinguished media and institutions share their views regarding the topic. Some of these were from the World Economic Forum, Bitstamp, Barron’s, Fundstrat, BlockFi, and more. A replay is available on the link shared above.  

Peirce earned her nickname “Crypto Mom” when she expressed dissent over the SEC’s decision to reject a bitcoin exchange-traded fund (ETF) application in 2018, which was filed by the Winklevoss twins.

At the time of writing, Bitcoin is trading at $60,096.77, according to CoinGecko.

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