Former SEC Official Doubts Approval of Bitcoin Spot ETF
John Reed Stark, ex-chief of the SEC’s Office of Internet Enforcement, believes the current SEC won’t approve a Bitcoin spot ETF due to various reasons. However, Stark suggests that if a Republican wins the 2024 presidential election, the SEC might ease its crypto-enforcement and be more open to a Bitcoin spot ETF. He also speculates that SEC chair Gary Gensler might resign, potentially paving the way for Hester Peirce, known as “Crypto Mom”, to take a leading role.
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John Reed Stark, ex-chief of the SEC's Office of Internet Enforcement, believes the current SEC won't approve a Bitcoin spot ETF due to various reasons.
However, Stark suggests that if a Republican wins the 2024 presidential election, the SEC might ease its crypto-enforcement and be more open to a Bitcoin spot ETF.
He also speculates that SEC chair Gary Gensler might resign, potentially paving the way for Hester Peirce, known as “Crypto Mom”, to take a leading role.
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