Former SEC Internet Enforcement Director: The current SEC will not approve the application of Bitcoin spot ETF
08/13 15:15
Former SEC Internet Enforcement Director John Reed Stark stated on X that the current U.S. Securities and Exchange Commission (SEC) will not approve the application for a Bitcoin spot ETF.
In addition, Stark stated that if Republicans take over the White House in 2024, the SEC may reduce its enforcement of cryptocurrencies and "become more willing to approve Bitcoin spot ETFs and more likely to take other significant cryptocurrency-friendly regulatory actions."
Stark also believes that if the next president is a Republican, current SEC Chairman Gary Gensler "may resign," and Hester Peirce, known in the industry as the "Cryptocurrency Mom," may become acting chairman, and the "confusion surrounding the SEC related to cryptocurrencies will come to an abrupt end."
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