Bitcoin

Spot

Coin

<ul class="news-points"> 
 <li>John Reeds Stark says the SEC will not approve a Bitcoin Spot ETF.</li> 
 <li>The former SEC attorney says the regulator is concerned about manipulation and lack of regulation in the crypto ecosystem.</li> 
 <li>The official added that it might take a Republican government for more crypto-friendly policies to come up.</li> 
</ul> 
John Reeds Stark, an ex-official of the U.S <a href="https://coinedition.com/tag/sec/" rel="noopener noreferrer nofollow">Securities and Exchange Commission</a>, says the SEC will not approve a Bitcoin Spot exchange-traded fund (ETF). Stark, who formerly headed the SEC’s Office of Internet Enforcement, raised these concerns in a post on Sunday. 
“My take is that the current SEC will not approve a bitcoin spot ETF application for a range of compelling reasons,” Stark said. He added, “Under current leadership, the SEC is unlikely to approve a Bitcoin Spot ETF. This is due to concerns about manipulation and a lack of regulation. However, crypto regulation is increasingly partisan.” 
According to the attorney, <a href="https://coinedition.com/us-sec-reviews-bitcoin-etf-applications-of-six-companies/" rel="noopener noreferrer nofollow">the SEC might become more crypto-friendly</a> should a Republican President emerge in the forthcoming elections. Otherwise, the crypto community might have to wait for a change of heart, he said in the post. 
Crypto regulation has entered the… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/sec-will-not-approve-a-bitcoin-spot-etf-says-sec-ex-official/">“SEC Will Not Approve a Bitcoin Spot ETF,” Says SEC Ex-Official</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

“SEC Will Not Approve a Bitcoin Spot ETF,” Says SEC Ex-Official

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