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SEC Commissioner Peirce comments on market phenomena
ME News Report, May 10 (UTC+8), ME News Report, May 10 (UTC+8), SEC Commissioner Hester Peirce of the U.S. Securities and Exchange Commission (SEC) stated in a speech on May 8 that she does not endorse all phenomena in the current market, and some financial products that stimulate short-term wealth dreams like lotteries may fade as investors lose interest. Galaxy Digital research director Alex Thorn said that Peirce expects that the underlying legal, technological, and market infrastructure of these products could be repurposed in the future for more sustainable investment and risk management products. The ETF Store president Nate Geraci commented that the SEC’s balance of regulation and innovation is reassuring. (Source: MLion)