Former SEC Chair Jay Clayton Believes Approval of Spot Bitcoin ETF is Inevitable

Jay Clayton, the former chair of the United States Securities and Exchange Commission (SEC), expressed his belief that the approval of a spot Bitcoin exchange-traded fund (ETF) is inevitable. During an appearance on Squawk Box, Clayton noted that there’s “nothing left to decide” and acknowledged the current strength of the Bitcoin market. His comments come just ahead of the SEC’s January 10th deadline, where several companies, including Invesco, VanEck, and WisdomTree, have applied for approval. If granted, a spot Bitcoin ETF could contribute to greater mainstream adoption of cryptocurrencies in the United States. (Source: Crypto.news)