Former SEC Chairman Says Bitcoin Spot ETF Is Coming, It is ‘Inevitable’
Summary
Former SEC chairman Jay Clayton believes that the approval of the first Spot Bitcoin ETF in the US is inevitable, as the regulator has no reason to deny it. He notes that the current applicants have followed SEC recommendations diligently. Bloomberg analyst James Seyffart also expects the SEC to approve the ETF, stating that the regulator has no grounds for denial. Legal expert James Murphy anticipates that if the SEC rejects the applications, the applicants will likely sue and potentially win in court.
