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23 April 2021

Government Ban on Bitcoin Is ‘Foolish’: SEC's Hester Peirce - Decrypt

Government Ban on Bitcoin Is ‘Foolish’: SEC's Hester Peirce - Decrypt


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“I think we were past that point [of banning Bitcoin in the US] very early on because you’d have to shut down the internet,” Peirce said.

The idea of banning Bitcoin and cryptocurrencies (that is, making it illegal to hold such assets) is not an unrealistic prospect, according to some.

Peirce added that the US government was “behind the curve” regarding crypto regulation.

Peirce has a point: regulation in the US iscomplex, with different government bodies taking different positions on Bitcoin and other cryptocurrencies

Market observers have long believed that a Bitcoin ETF would act as a catalyst for a rush of institutional money to flow into the Bitcoin market

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