RATE Group | SEC Commissioner Sees Growing Demand for Cryptocurrency | Fintech Zoom
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SEC Commissioner Sees Growing Demand for Cryptocurrency | Fintech Zoom

01 May SEC Commissioner Sees Growing Demand for Cryptocurrency | Fintech Zoom

Posted at 17:30h in Cryptocurrency News by

SEC Commissioner Sees Increasing Demand for Cryptocurrency

Crypto-friendly commissioner with the U.S. Securities and Exchange Fee (SEC), Hester Peirce, mentioned there is a rise in demand for cryptocurrency as traders search to diversify their portfolios. The commissioner has been an avid proponent of the SEC approving bitcoin exchange-traded funds (ETFs).

Rising Curiosity for Cryptocurrency

SEC Commissioner Hester Peirce, additionally recognized within the crypto group as “Crypto Mom,” talked about cryptocurrency and digital {dollars} throughout a livestream dialogue with Crypto Finance Convention St. Moritz on Tuesday. Noting that the covid-19 pandemic has affected all industries, together with cryptocurrency, she mentioned:

We’re seeing extra curiosity coming from institutional quarters than we’ve previously. I believe that can proceed … as individuals want to diversify their portfolios, I believe persons are additionally prone to look extra to the crypto house.‏‏‎

She elaborated, “As people are more comfortable…

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