Hester Peirce, a Commissioner at the Securities and Exchange Commission (SEC) often referred to as “Crypto Mom,” has expressed that a lawsuit may not be necessary for the SEC to approve spot Ethereum (CRYPTO: ETH) exchange-traded fund (ETF) applications. What Happened: In an interview with Coinage Media on Tuesday, Peirce said, “We shouldn’t need a court to tell us that our approach is ‘arbitrary and capricious’ in order for us to get it right.” Pointing to the Grayscale court ruling that led to the approval of spot Bitcoin (CRYPTO: BTC) ETFs in the United States, she mentioned that the SEC wo…
