Former Chairman of the U.S. Securities and Exchange Commission (SEC), Jay Clayton, believes that the spot Bitcoin ETF should be approved. He emphasized the significant growth and benefits of the crypto market and commented that the SEC regulations are thorough and necessary for approval. Traditional financial institutions such as Blackrock, Fidelity, and Invesco have applied to the SEC to provide Bitcoin ETFs, indicating their interest in cryptocurrencies. However, the approval of these ETFs depends on the decision of the SEC.

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