Chair

Bitcoin

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 <p>Former SEC chief John Reed Stark has shared insights on the likelihood of the SEC approving recent applications for Bitcoin spot ETFs, highlighting intriguing factors influencing the decision. </p> 
 <p>In a recent tweet, Stark referenced the <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> from experts at BetterMarkets, who presented their perspective in SEC Comment Letters on August 8, 2023. The <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> was regarding proposed rule changes for spot bitcoin-based exchange-traded products.</p> 
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    <p lang="en" dir="ltr">Will the SEC Approve Any Of The Recent Bitcoin Spot ETF Applications?<br><br>People often ask for my opinion on whether the SEC will approve any of the recent spate of bitcoin spot ETF applications, which is an interesting and important question.<br><br>My take is that the current SEC will… pic.twitter.com/lPXebl03Y4</p> 
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    </div> — John Reed Stark (@JohnReedStark) August 13, 2023 
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 <h2 class="wp-block-heading" id="h-stark-says-the-current-sec-may-not-approve-a-bitcoin-spot-etf">Stark says the current SEC may not approve a Bitcoin spot ETF</h2> 
 <p>According to Stark, the current SEC may not approve a Bitcoin spot ETF application due to various compelling reasons outlined in BetterMarkets’ <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>. Stark emphasized the potential for a significant regulatory shift in the crypto landscape after the upcoming election.</p> 
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 <p>He pointed out that there was a time when key figures from diverse political backgrounds, such as President Donald Trump, Secretary Hillary Clinton, and Congresswoman Maxine Waters, held similar concerns about crypto, viewing it as a potential threat.</p> 
 <p><strong>Also read: SEC Delays Ark Invest Spot <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a> Application</strong></p> 
 <p>Furthermore, Stark highlighted that the SEC’s initial scrutiny of the crypto space commenced during the tenure of Jay Clayton, a SEC Chair appointed by Republicans. The comment by Stark comes after the U.S. Securities and Exchange Commission (SEC) made the decision to extend the review period for the spot <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a> application submitted by Ark Invest.</p> 
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<div class="cs-entry__tags"> 
 <ul> 
  <li>Bitcoin ETF</li> 
  <li>sec</li> 
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</div>

SEC Will Not Approve a Spot Bitcoin ETF, Says Former SEC Chief

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