Jay Clayton Supports Approval of Bitcoin ETF
Jay Clayton, the former Chairman of the US Securities and Exchange Commission (SEC), believes that the agency should approve a spot Bitcoin ETF in America. However, he could not predict when such approval would be granted. Several major companies, including BlackRock, Invesco, and Fidelity Digital Assets, have recently filed to launch a Bitcoin ETF. While the SEC has approved a futures BTC ETF in the past, it has been hesitant to approve a spot one.
Key Points:
- Former SEC Chairman Jay Clayton supports the approval of a spot Bitcoin ETF in America.
- Approval would be contingent on interested companies proving the safety of the product.
- BlackRock, Invesco, and Fidelity Digital Assets have filed to launch a Bitcoin ETF.
- The SEC has previously approved a futures BTC ETF but has been reluctant to approve a spot one.
- Clayton was initially skeptical about Bitcoin but has since changed his stance.
Clayton’s Hot Take:
Clayton’s initial skepticism about Bitcoin has evolved, and he now supports the approval of a spot Bitcoin ETF. This endorsement from a former SEC Chairman could carry significant weight in the ongoing discussions surrounding Bitcoin ETFs in America.
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