It could come tomorrow or in 20 years, she said.
"I do caution people to not live or die on when a crypto or bitcoin ETF gets approved."
"You all know that I am working on trying to convince my colleagues to have a bit more of an open mind when it comes to [crypto]."
"I am not as charming as some other people," she added.
Institutionalization will happen, she concluded.
Advice for crypto firms: "get good regulatory advice.. there are a lot of landmines...[and] we live in a society that has a lot of old securities laws...You could have the best intensions [sic]in the world and you could trip on something that you didn't mean to trip on."
Peirce said this during a fireside chat at a cryptocurrency conference in Washington D.C.