Former SEC Chairman Jay Clayton Foresees Inevitable Approval of Spot Bitcoin ETF

Former SEC Chairman Jay Clayton Foresees Inevitable Approval of Spot Bitcoin ETF



Jay Clayton, the former chairman of the U.S. Securities and Exchange Commission (SEC), recently indicated in a CNBC interview that he believes the authorization of a spot Bitcoin Exchange-Traded Fund (ETF) is only a matter of time. This statement comes even as the SEC has postponed its decision on various Bitcoin ETF applications.



Several major firms, including BlackRock, Ark Invest, Bitwise, WisdomTree, VanEck, and Invesco, have submitted proposals for Bitcoin-focused ETFs. On Friday, the SEC decided to extend its review period by an additional 45 days, aiming to complete a thorough examination of any required rule changes. This gives the regulatory agency until October 2023 to decide on approving, declining, or further contemplating the applications.



Clayton's optimistic remarks followed a judicial decision that criticized the


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#Adoption, #Bitcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ETF, #News, #Regulations

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