Hester M. Peirce is the commissioner of U.S. Securities and Exchange Commission. She was appointed by President Donald J. Trump and was sworn in on January 11, 2018. Peirce has earned the nickname of ‘Crypto Mom’ as she is friendly to cryptocurrencies. She spoke out and highlighted parameters that were set and heavily scrutinized in the SEC’s processing and ultimate rejection of Bitwise’s Bitcoin ETF application. Peirce argued that the standards that Bitcoin ETF’s are subjected to have never been applied to traditional markets offering.