Hester Peirce<\/strong>, \u1ee7y vi\u00ean c\u1ee7a \u1ee6y ban Ch\u1ee9ng kho\u00e1n v\u00e0 Giao d\u1ecbch Hoa K\u1ef3 (SEC) v\u00e0 l\u00e0 ng\u01b0\u1eddi \u0111\u1ee9ng \u0111\u1ea7u Nh\u00f3m Nhi\u1ec7m v\u1ee5 Crypto c\u1ee7a SEC, \u0111\u00e3 kh\u1eb3ng \u0111\u1ecbnh quy\u1ec1n t\u1ef1 qu\u1ea3n l\u00fd ti\u1ec1n \u0111i\u1ec7n t\u1eed v\u00e0 quy\u1ec1n ri\u00eang t\u01b0 trong c\u00e1c giao d\u1ecbch t\u00e0i ch\u00ednh. “T\u00f4i l\u00e0 m\u1ed9t ng\u01b0\u1eddi theo ch\u1ee7 ngh\u0129a t\u1ef1 do c\u1ef1c \u0111oan<\/em>,” Peirce chia s\u1ebb trong podcast The Rollup<\/strong> v\u00e0o th\u1ee9 S\u00e1u, \u0111\u1ed3ng th\u1eddi nh\u1ea5n m\u1ea1nh r\u1eb1ng vi\u1ec7c t\u1ef1 qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n l\u00e0 m\u1ed9t quy\u1ec1n con ng\u01b0\u1eddi c\u01a1 b\u1ea3n<\/strong>. C\u00f4 n\u00f3i th\u00eam: “T\u1ea1i sao t\u00f4i ph\u1ea3i b\u1ecb \u00e9p bu\u1ed9c ph\u1ea3i th\u00f4ng qua ng\u01b0\u1eddi kh\u00e1c \u0111\u1ec3 gi\u1eef t\u00e0i s\u1ea3n c\u1ee7a m\u00ecnh?<\/em> T\u00f4i c\u1ea3m th\u1ea5y kh\u00f3 hi\u1ec3u r\u1eb1ng \u1edf \u0111\u1ea5t n\u01b0\u1edbc n\u00e0y, n\u01a1i m\u00e0 t\u1ef1 do l\u00e0 n\u1ec1n t\u1ea3ng, \u0111i\u1ec1u \u0111\u00f3 l\u1ea1i tr\u1edf th\u00e0nh m\u1ed9t v\u1ea5n \u0111\u1ec1 \u2014 t\u1ea5t nhi\u00ean, m\u1ecdi ng\u01b0\u1eddi c\u00f3 quy\u1ec1n gi\u1eef t\u00e0i s\u1ea3n c\u1ee7a ri\u00eang h\u1ecd.”<\/p>\n Peirce c\u0169ng cho r\u1eb1ng quy\u1ec1n ri\u00eang t\u01b0 t\u00e0i ch\u00ednh tr\u1ef1c tuy\u1ebfn<\/strong> n\u00ean \u0111\u01b0\u1ee3c coi l\u00e0 ti\u00eau chu\u1ea9n. “\u0110\u00e3 tr\u1edf th\u00e0nh gi\u1ea3 \u0111\u1ecbnh r\u1eb1ng n\u1ebfu b\u1ea1n mu\u1ed1n gi\u1eef giao d\u1ecbch c\u1ee7a m\u00ecnh ri\u00eang t\u01b0, b\u1ea1n \u0111ang l\u00e0m \u0111i\u1ec1u g\u00ec \u0111\u00f3 sai tr\u00e1i, nh\u01b0ng \u0111i\u1ec1u \u0111\u00f3 n\u00ean ho\u00e0n to\u00e0n ng\u01b0\u1ee3c l\u1ea1i<\/em>,” c\u00f4 n\u00f3i. Nh\u1eefng b\u00ecnh lu\u1eadn n\u00e0y \u0111\u01b0\u1ee3c \u0111\u01b0a ra trong b\u1ed1i c\u1ea3nh \u0110\u1ea1o lu\u1eadt R\u00f5 r\u00e0ng v\u1ec1 C\u1ea5u tr\u00fac Th\u1ecb tr\u01b0\u1eddng T\u00e0i s\u1ea3n K\u1ef9 thu\u1eadt s\u1ed1<\/strong>, m\u1ed9t d\u1ef1 lu\u1eadt v\u1ec1 c\u1ea5u tr\u00fac th\u1ecb tr\u01b0\u1eddng ti\u1ec1n \u0111i\u1ec7n t\u1eed bao g\u1ed3m c\u00e1c \u0111i\u1ec1u kho\u1ea3n v\u1ec1 t\u1ef1 qu\u1ea3n l\u00fd, quy \u0111\u1ecbnh ch\u1ed1ng r\u1eeda ti\u1ec1n (AML) v\u00e0 ph\u00e2n lo\u1ea1i t\u00e0i s\u1ea3n, \u0111ang b\u1ecb tr\u00ec ho\u00e3n \u0111\u1ebfn n\u0103m 2026, theo Th\u01b0\u1ee3ng ngh\u1ecb s\u0129 Tim Scott.<\/p>\n Nhi\u1ec1u c\u00e1 voi Bitcoin l\u1edbn<\/strong> v\u00e0 nh\u1eefng ng\u01b0\u1eddi n\u1eafm gi\u1eef d\u00e0i h\u1ea1n \u0111ang chuy\u1ec3n t\u1eeb t\u1ef1 qu\u1ea3n l\u00fd sang c\u00e1c qu\u1ef9 giao d\u1ecbch trao \u0111\u1ed5i (ETFs)<\/strong> \u0111\u1ec3 t\u1eadn d\u1ee5ng l\u1ee3i \u00edch thu\u1ebf v\u00e0 qu\u1ea3n l\u00fd d\u1ec5 d\u00e0ng h\u01a1n khi s\u1edf h\u1eefu ti\u1ec1n \u0111i\u1ec7n t\u1eed trong m\u1ed9t ph\u01b0\u01a1ng ti\u1ec7n \u0111\u1ea7u t\u01b0. “Ch\u00fang ta \u0111ang ch\u1ee9ng ki\u1ebfn s\u1ef1 suy gi\u1ea3m \u0111\u1ea7u ti\u00ean trong vi\u1ec7c t\u1ef1 qu\u1ea3n l\u00fd Bitcoin trong 15 n\u0103m qua<\/em>,” Dr. Martin Hiesboeck, ng\u01b0\u1eddi \u0111\u1ee9ng \u0111\u1ea7u nghi\u00ean c\u1ee9u t\u1ea1i s\u00e0n giao d\u1ecbch ti\u1ec1n \u0111i\u1ec7n t\u1eed Uphold, cho bi\u1ebft. Hiesboeck cho r\u1eb1ng s\u1ef1 chuy\u1ec3n d\u1ecbch n\u00e0y l\u00e0 do SEC \u0111\u00e3 ph\u00ea duy\u1ec7t vi\u1ec7c t\u1ea1o ra v\u00e0 \u0111\u1ed5i l\u1ea1i ti\u1ec1n \u0111i\u1ec7n t\u1eed cho ETFs v\u00e0o th\u00e1ng 7, cho ph\u00e9p nh\u1eefng ng\u01b0\u1eddi n\u1eafm gi\u1eef \u0111\u01b0\u1ee3c \u1ee7y quy\u1ec1n trao \u0111\u1ed5i ti\u1ec1n \u0111i\u1ec7n t\u1eed l\u1ea5y c\u1ed5 phi\u1ebfu ETF v\u00e0 ng\u01b0\u1ee3c l\u1ea1i m\u00e0 kh\u00f4ng k\u00edch ho\u1ea1t s\u1ef1 ki\u1ec7n ch\u1ecbu thu\u1ebf, kh\u00e1c v\u1edbi c\u00e1c ETFs thanh to\u00e1n b\u1eb1ng ti\u1ec1n m\u1eb7t.<\/p>\n “Vi\u1ec7c t\u1eeb b\u1ecf ph\u01b0\u01a1ng ch\u00e2m t\u1ef1 qu\u1ea3n l\u00fd ‘kh\u00f4ng c\u00f3 ch\u00eca kh\u00f3a c\u1ee7a b\u1ea1n, kh\u00f4ng c\u00f3 \u0111\u1ed3ng ti\u1ec1n c\u1ee7a b\u1ea1n’ l\u00e0 m\u1ed9t \u0111inh ghim kh\u00e1c v\u00e0o quan t\u00e0i c\u1ee7a tinh th\u1ea7n ti\u1ec1n \u0111i\u1ec7n t\u1eed nguy\u00ean b\u1ea3n<\/em>,” Hiesboeck n\u00f3i th\u00eam.<\/p>\n<\/blockquote>\n V\u00e0o th\u00e1ng 2, nh\u00e0 ph\u00e2n t\u00edch v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 Bitcoin n\u1ed5i ti\u1ebfng PlanB<\/strong>, nh\u00e0 ph\u00e1t tri\u1ec3n c\u1ee7a m\u00f4 h\u00ecnh BTC stock-to-flow, \u0111\u00e3 th\u00f4ng b\u00e1o r\u1eb1ng \u00f4ng \u0111\u00e3 chuy\u1ec3n Bitcoin c\u1ee7a m\u00ecnh sang ETFs \u0111\u1ec3 gi\u1ea3m b\u1edbt “s\u1ef1 phi\u1ec1n ph\u1ee9c<\/em>” trong vi\u1ec7c qu\u1ea3n l\u00fd kh\u00f3a ri\u00eang. Th\u00f4ng b\u00e1o c\u1ee7a PlanB \u0111\u00e3 g\u00e2y ra s\u1ef1 ph\u1ea3n \u0111\u1ed1i trong c\u1ed9ng \u0111\u1ed3ng Bitcoin, khi nhi\u1ec1u ng\u01b0\u1eddi b\u00e0y t\u1ecf lo ng\u1ea1i r\u1eb1ng vi\u1ec7c giao ph\u00f3 quy\u1ec1n qu\u1ea3n l\u00fd cho b\u00ean th\u1ee9 ba m\u00e2u thu\u1eabn v\u1edbi c\u00e1c gi\u00e1 tr\u1ecb c\u1ed1t l\u00f5i c\u1ee7a Bitcoin<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" Quy\u1ec1n T\u1ef1 Qu\u1ea3n L\u00fd Ti\u1ec1n \u0110i\u1ec7n T\u1eed Hester Peirce, \u1ee7y vi\u00ean c\u1ee7a \u1ee6y ban Ch\u1ee9ng kho\u00e1n v\u00e0 Giao d\u1ecbch Hoa K\u1ef3 (SEC) v\u00e0 l\u00e0 ng\u01b0\u1eddi \u0111\u1ee9ng \u0111\u1ea7u Nh\u00f3m Nhi\u1ec7m v\u1ee5 Crypto c\u1ee7a SEC, \u0111\u00e3 kh\u1eb3ng \u0111\u1ecbnh quy\u1ec1n t\u1ef1 qu\u1ea3n l\u00fd ti\u1ec1n \u0111i\u1ec7n t\u1eed v\u00e0 quy\u1ec1n ri\u00eang t\u01b0 trong…<\/p>\n","protected":false},"author":3,"featured_media":15585,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,48],"tags":[4225,5306,5257,4217,9662,4348,9363,6785],"class_list":["post-15586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-legal","tag-bitcoin","tag-etf","tag-hester-peirce","tag-legal","tag-planb","tag-sec","tag-tim-scott","tag-uphold"],"yoast_head":"\nQuy\u1ec1n Ri\u00eang T\u01b0 T\u00e0i Ch\u00ednh<\/h2>\n
S\u1ef1 Chuy\u1ec3n \u0110\u1ed5i Sang ETFs<\/h2>\n
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