‘Nothing left to decide’ — Former SEC chair says Bitcoin ETF is inevitable

A former chairman of the United States Securities and Exchange Commission (SEC) says it is “inevitable” that a spot Bitcoin ETF will be approved.

Speaking in a Jan. 8 interview with CNBC, former SEC chair Jay Clayton said that it is now a foregone conclusion that the SEC will approve the first spot Bitcoin ETF for trading in the United States.

For the last ten years, the SEC has denied every application for a spot Bitcoin ETF, citing concerns over potential market manipulation and fraud.

However, Clayton now agrees that an ETF approval is “imminent,” noting that the underlying market dynamics for Bitcoin have improved drastically over the last five years.

#news #btc #sec #etf

Jan-9-2024 09:04:54 AM