The former head of the U.S. SEC’s Office of Internet Enforcement, John Reed Stark, believes that the approval of a Bitcoin exchange-traded fund (ETF) focused on spot trading by the SEC is unlikely. Stark provides strong justifications for this belief and suggests that if a Republican candidate becomes president, the current SEC chair, Gary Gensler, might step down, potentially causing a halt in crypto-related upheavals within the agency.
AI Sentiment: Negative
