Former US Securities and Exchange Commission (SEC) Chairman Jay Clayton stated that the outcome was inevitable while explaining the obstacles to spot Bitcoin ETF approval.
Jay Clayton on CNBC’s “Last Call” in speech, On the spot Bitcoin exchange-traded fund (ETF) process taking attention made statements. Clayton, Spot Bitcoin ETF approval is inevitable expressed.
In the past period, spot Bitcoin ETFs multiple problems ahead Stating that there are both regulator’s attitude towards the cryptocurrency market as well as some serious problems in the past He emphasized that it could happen.
Clayton, 95% of Bitcoin trading volume more than “Wash trading” method is inflated While pointing out that such data is subject to the SEC’s approval process reflects negatively He stated that it could happen.
on the other hand anti money laundering, know your customer (KYC) rules and other matters specific your problems to the ETF approval process. negative He reminded me that he made an impact.
Many of these problems have been resolved
Former SEC Chairman, many of these problems today resolved in the process and the Bitcoin ecosystem over time. has matured told:
The reason I say ETF approval is inevitable is because most of the questions standing in the way of a Bitcoin ETF have been answered to the satisfaction of many sophisticated parties and many regulators.