Thread by @nikhileshde

Had some technical difficulties but I am now tuned into #bitcoinforadvisors, where @Liqquidity is interviewing @eervin1, @jdorman81 and @DaveNadig about bitcoin ETFs

ETFs are a more liquid version of mutual funds, which is why they originally took off @jdorman81 says #bitcoinforadvisors

A bitcoin ETF will "probably happen at some point" but by that point it might not matter as much @jdorman81 says #Bitcoinforadvisors

The SEC's job is to open doors and ensure availability @eervin1 says: "they're not supposed to decide what's good or bad," just make sure rules are being followed #BitcoinforAdvisors

Bitcoin ETF + options on bitcoin ETF + other derivatives would turn it from a point asset to a delta 1 asset (ie tie spot price movements to derivative price movements) @DaveNadig says #BitcoinforAdvisors

"The SEC is fundamentally a bureaucracy, it doesn't turn on a dime," @DaveNadig says about whether its direction on regs might look different under President-elect @JoeBiden #BitcoinforAdvisors

If a bitcoin ETF was announced tomorrow, price would go up, but it's unclear whether that's sustainable, @jdorman81 says #BitcoinforAdvisors

#bitcoinforadvisors is continuing: @SEC_News Commissioner @HesterPeirce is about to take the virtual stage in a fireside moderated by @SteveSanduski. Tweets continue here 👇

.@HesterPeirce notes her standard disclaimer that her comments represent her views and not the agency’s #bitcoinforadvisors

First q is about govt role in regulation and how @HesterPeirce’s view was shaped #bitcoinforadvisors

.@HesterPeirce says her undergrad economics classes shaped how she views the world - helped her understand “the power of the marketplace,” which she took with her to law school in understanding how the markets exist within regulatory structures #bitcoinforadvisors

Regulators are slow but they’re slow for good reason, @HesterPeirce said, pointing to public comment periods for rulemaking, etc: “It enables us to have that feedback but it does mean that we’re slow.” #bitcoinforadvisors

Some of the regulatory attitudes toward bitcoin and other cryptocurrencies are outdated, says @HesterPeirce #bitcoinforadvisors

.@HesterPeirce says she'd like to see ie her safe harbor proposal move forward, or bitcoin ETFs to increase retail access #bitcoinforadvisors

.@HesterPeirce shouts out @BrianBrooksOCC for his work in creating guidelines for banks re: digital assets #BitcoinforAdvisors

.@HesterPeirce says while the President’s views might help shape the general direction of the SEC, support for crypto is bipartisan: "if we got a nudge from Congress" that could lead to more guidance/rules #bitcoinforadvisors

Financial advisors should engage with the SEC if they have questions or want to talk about digital assets and regulatory barriers, @HesterPeirce says #BitcoinforAdvisors

"I'd like to see a more holistic approach with us working with the industry to develop a healthy dynamic rather than everyone just waiting around for more guidance," @HesterPeirce says #BitcoinforAdvisors

Missed @HesterPeirce at #BitcoinforAdvisors? Recap in the thread or here: coindesk.com/hester-peirce-…