A bold statement has emerged from former US Securities and Exchange Commission (SEC) Chairman Jay Clayton suggesting that the approval of a bitcoin spot exchange-traded fund (ETF) is inevitable, stating that ” there is nothing left to decide”, in a bitcoin-etf-approval-is-inevitable-theres-nothing-left-to-decide.html”>interview with CNBC today.
The former SEC Chairman's confident proclamation hints at an imminent breakthrough in the regulatory landscape for bitcoin-related financial products. This statement aligns with growing sentiment within the bitcoin community, which is eagerly anticipating the approval of a Spot bitcoin ETF.
“I think approval is inevitable, there is nothing left to decide,” Clayton said. “Is the underlying bitcoin trading market something robust and efficient enough to rely on? It's much better today than it was five years ago.”
These statements imply that key concerns or considerations that previously hindered the approval process have been sufficiently addressed, paving the way for an inevitable green light from the SEC.
This bold statement underscores evolving sentiment within regulatory circles, reflecting growing acceptance and understanding of bitcoin. The potential approval of a bitcoin spot ETF is expected to mark a watershed moment in the financial sphere, allowing broader access to traditional investors seeking exposure to btc through regulated investment vehicles.
“The last thing, and I think it's overlooked, is the technology to actually provide the product,” the former SEC chairman continued. “Custody, create, redeem. This is a big step, not only for bitcoin but for finance in general.”
The SEC is expected to approve spot bitcoin ETFs by the end of Wednesday. Bloomberg crypto-s-bitcoin-etf-hopefuls-wait-for-us-sec-approval-by-january-10-deadline?srnd=undefined”>reported yesterday that, if approved, the ETFs could be listed and begin trading as soon as the next business day.
