The post The Approval Of Spot Bitcoin ETF is Inevitable – Says Former SEC Chairman Jay Clayton appeared first on Coinpedia Fintech News
A federal court has recently ruled against the U.S. Securities and Exchange Commission (SEC), stating that its refusal to permit Grayscale’s Bitcoin Trust conversion into a spot Bitcoin ETF was wrong.
Following the ruling, JPMorgan issued a statement indicating that the SEC would likely be compelled to approve pending spot Bitcoin ETF applications, including Grayscale’s. They think it would be awkward for the SEC to allow one type of Bitcoin investment and deny another.
JP Morgan now says that the SEC will be forced to approved a spot Bitcoin ETF due the Grayscale victory.
But we all know the truth, when Larry wants something, Larry gets it.Blackrock will get exactly what it wants. pic.twitter.com/cBRVdeFShi
— Lark Davis (@TheCryptoLark) September 3, 2023
Former SEC Chairman Responds
Jay Clayton, the former SEC Chairman, told CNBC that the a
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