Former SEC Chair Jay Clayton believes it would be difficult to resist approving a Bitcoin exchange-traded fund (ETF) due to the growing confidence in the cryptocurrency sector’s regulatory protections and trading capabilities. Clayton acknowledged the progress made by the industry, particularly in institutional investment, and highlighted that reputable companies are now embracing Bitcoin. However, he cautioned that regulatory changes may not happen quickly due to the thoroughness required in the process. Clayton, who previously filed a lawsuit against Ripple Labs, has since become involved in the crypto industry as an advisor at Fireblocks.

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