LATEST: Bitcoin ETF Approval Seen as “Inevitable” by Former SEC Chief

In a recent discussion on CNBC’s “Last Call,” former Securities and Exchange Commission Chair, Jay Clayton, expressed confidence in the upcoming approval of a Bitcoin exchange-traded fund (ETF). He highlighted past concerns like manipulative trading, which once constituted 95% of Bitcoin’s trading volume. A notable report from Bitwise Asset Management in 2019 indicated similar findings. Additionally, issues surrounding anti-money laundering and KYC rules were stumbling blocks. However, Clayton affirmed that the Bitcoin market’s evolution has addressed these concerns, making the ETF’s sanctioning “inevitable.”

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