It's only a matter of time before U.S. regulators approve a spot bitcoin ETF, according to former Securities and Exchange Commission Chairman Jay Clayton.
It’s only a matter of time before U.S. regulators approve a spot bitcoin ETF, according to former Securities and Exchange Commission Chairman Jay Clayton.
Clayton said that the SEC has had legitimate concerns that the bitcoin cash market “was so easily manipulatable that retail folks should not have access to it,” but that there’s growing evidence against his attitude. The statement follows an order by a federal judge that the SEC must reconsider Grayscale Investments application to debut a bitcoin spot ETF, with the court ruling that its decision to approve two bitcoin futures funds, but to deny applications for a bitcoin spot ETF, was “arbitrary and capricious” and in violation of federal administrative law.
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