• John Reeds Stark says the SEC will not approve a Bitcoin Spot ETF.
• The former SEC attorney says the regulator is concerned about manipulation and lack of regulation in the crypto ecosystem.
• The official added that it might take a Republican government for more crypto-friendly policies to come up.

John Reeds Stark, an ex-official of the U.S Securities and Exchange Commission, says the SEC will not approve a Bitcoin Spot exchange-traded fund (ETF). Stark, who formerly headed the SEC’s Office of Internet Enforcement, raised these concerns in a post on Sunday.

“My take is that the current SEC will not approve a bitcoin spot ETF application for a range of compelling reasons,” Stark said. He added, “Under current leadership, the SEC is unlikely to approve a Bitcoin Spot ETF. This is due to concerns about manipulation and a lack of regulation. However, crypto regulation is increasingly partisan.”

According to the attorney, the SEC might become more crypto-friendly should a Republican President emerge in the forthcoming elections. Otherwise, the crypto community might have to wait for a change of heart, he said in the post.

Crypto regulation has entered the…

The post “SEC Will Not Approve a Bitcoin Spot ETF,” Says SEC Ex-Official appeared first on Coin Edition.

• John Reeds Stark says the SEC will not approve a Bitcoin Spot ETF.
• The former SEC attorney says the regulator is concerned about manipulation and lack of regulation in the crypto ecosystem.
• The official added that it might take a Republican government for more crypto-friendly policies to come up.

John Reeds Stark, an ex-official of the U.S Securities and Exchange Commission, says the SEC will not approve a Bitcoin Spot exchange-traded fund (ETF). Stark, who formerly headed the SEC’s Office of Internet Enforcement, raised these concerns in a post on Sunday.

“My take is that the current SEC will not approve a bitcoin spot ETF application for a range of compelling reasons,” Stark said. He added, “Under current leadership, the SEC is unlikely to approve a Bitcoin Spot ETF. This is due to concerns about manipulation and a lack of regulation. However, crypto regulation is increasingly partisan.”

According to the attorney, the SEC might become more crypto-friendly should a Republican President emerge in the forthcoming elections. Otherwise, the crypto community might have to wait for a change of heart, he said in the post.

Crypto regulation has entered the…

The post “SEC Will Not Approve a Bitcoin Spot ETF,” Says SEC Ex-Official appeared first on Coin Edition.