The former Chief of the SEC’s Office of Internet Enforcement, John Reed Stark, shared his opinion about the possibility of the SEC approving Bitcoin spot exchange-traded fund (ETF) applications. He believes that the trajectory of crypto regulation in the United States may change after the elections, particularly if a Republican becomes the President. Stark suggests that the SEC would be more likely to approve a Bitcoin spot ETF and take other significant crypto-friendly regulatory actions under a Republican leadership. He also notes that the resignation of the current SEC Chair, Gary Gensler, and the potential appointment of Hester Peirce as acting Chair could bring an end to the SEC’s crackdown on crypto. However, it is unlikely that approval for a spot BTC ETF will happen until after the 2024 election.
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