{"id":19608,"date":"2024-01-08T17:01:24","date_gmt":"2024-01-08T17:01:24","guid":{"rendered":"https:\/\/bitcoins-101.com\/2024\/01\/08\/former-sec-chair-spot-bitcoin-etf-approval-is-inevitable-theres-nothing-left-to-decide\/"},"modified":"2024-01-08T17:01:24","modified_gmt":"2024-01-08T17:01:24","slug":"former-sec-chair-spot-bitcoin-etf-approval-is-inevitable-theres-nothing-left-to-decide","status":"publish","type":"post","link":"https:\/\/bitcoins-101.com\/2024\/01\/08\/former-sec-chair-spot-bitcoin-etf-approval-is-inevitable-theres-nothing-left-to-decide\/","title":{"rendered":"Former SEC Chair: Spot Bitcoin ETF Approval Is Inevitable, &#8220;There&#8217;s Nothing Left to Decide&#8221;"},"content":{"rendered":"<p>A bold statement has emerged from a former U.S. Securities and Exchange Commission (SEC) Chair Jay Clayton, suggesting that the approval of a Spot Bitcoin Exchange-Traded Fund (ETF) is inevitable, stating that &#8220;there&#8217;s nothing left to decide,&#8221; in an <a href=\"https:\/\/www.cnbc.com\/video\/2024\/01\/08\/fmr-sec-chair-jay-clayton-on-bitcoin-etf-approval-is-inevitable-theres-nothing-left-to-decide.html\">interview<\/a> with CNBC today.<\/p>\n<div><a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1744379738582331823\"><\/a><\/div>\n<p>The former SEC Chair&#8217;s confident proclamation hints at an imminent breakthrough in the regulatory landscape for Bitcoin-related financial products. This assertion aligns with the growing sentiment within the Bitcoin community, eagerly anticipating the approval of a Spot Bitcoin ETF.<\/p>\n<p>&#8220;I think approval is inevitable, there&#8217;s nothing left to decide,&#8221;\u00a0Clayton said. &#8220;Is the Bitcoin underlying trading market something that is robust enough, efficacious enough, where you can rely on it? It is much better today than it was five years ago.&#8221;<\/p>\n<p>These statements imply that key concerns or considerations previously hindering the approval process have been sufficiently addressed, paving the way for an inevitable green light from the SEC.<\/p>\n<p>This bold declaration underscores the evolving sentiment within regulatory circles, reflecting a growing acceptance and understanding of Bitcoin. The potential approval of a spot Bitcoin ETF is anticipated to mark a watershed moment in the financial sphere, enabling broader access for traditional investors seeking exposure to BTC through regulated investment vehicles.<\/p>\n<p>&#8220;The last thing, and I think this is missed, is the technology to actually provide the product,&#8221; the former SEC Chair continued. &#8220;The custodying, the create, the redeem. This is a big step, not just for Bitcoin but for finance generally.&#8221;<\/p>\n<p>The SEC is expected to approve spot Bitcoin ETFs by the end of day Wednesday. Bloomberg <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-08\/crypto-s-bitcoin-etf-hopefuls-wait-for-us-sec-approval-by-january-10-deadline?srnd=undefined\">reported<\/a> yesterday that if approved, the ETFs could be listed and starting to trade as soon as the next business day.<\/p>","protected":false},"excerpt":{"rendered":"<p>A bold statement has emerged from a former U.S. Securities and Exchange Commission (SEC) Chair Jay Clayton, suggesting that the approval of a Spot Bitcoin Exchange-Traded Fund (ETF) is inevitable, stating that &#8220;there&#8217;s nothing left to decide,&#8221; in an interview with CNBC today. The former SEC Chair&#8217;s confident proclamation hints at an imminent breakthrough in [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19608","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/19608"}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=19608"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/19608\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=19608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=19608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=19608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}