Former U.S. SEC Chairman: Regulators Now 'Hard to Resist' Approving Bitcoin Spot ETFs
According to Crypto Globe, Jay Clayton, former chairman of the U.S. Securities and Exchange Commission (SEC), said in an interview that "when the SEC approved the Bitcoin futures ETF, the SEC believed that the market was adequately protective of the ultimate investor, but at that time it did not see that protection in the spot market, and therefore made a distinction. I think the organizations that have now filed for the Bitcoin Spot ETF believe that those distinctions have disappeared, and that the spot product is now less resistant and more efficient for investors. The approval of a Bitcoin Spot ETF was hard to resist."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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