TechFlow News, May 10: U.S. SEC Commissioner Hester Peirce stated in a speech that she does not endorse certain speculative phenomena currently present in the market; financial products that resemble lotteries—designed to ignite short-term get-rich-quick hopes—may fade as investor interest wanes. Alex Thorn, Head of Research at Galaxy Digital, shared the remarks, noting that Peirce anticipates the underlying legal, technological, and market infrastructure supporting these products could be repurposed in the future for more enduring investment and risk-management products. Meanwhile, Nate Geraci, President of The ETF Store, commented that the SEC’s balancing act between regulation and innovation is reassuring. He speculated that the compliance-controversial products Peirce referenced are likely “prediction-market ETFs,” and expects such ETFs to receive approval for listing shortly.
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