Former chairman of the U.S. Securities and Exchange Commission (SEC), Jay Clayton, believes that the United States will eventually approve a spot bitcoin exchange-traded fund (ETF). This statement comes after a recent ruling that requires the SEC to reject proposals based on fresh objections or reasons other than fraud and market manipulation risks in the spot bitcoin market. However, Clayton also expressed uncertainty about what these new reasons could be. The article concludes by stating that it is provided for informational purposes only and should not be used as legal, tax, investment, financial, or other advice.
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