Former SEC Official Doubts Approval of Bitcoin Spot ETF

postedΒ  13 Aug 2023
Photo - 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.