- Former SEC Chair Jay Clayton is optimistic about getting Bitcoin ETF approval.
- The crypto industry is awaiting the SEC’s decision.
- SEC Chair Gary Gensler has cautioned investors ahead of the commission’s verdict.
The deadline for the Bitcoin ETF on January 10 is quickly approaching, and anticipation is at an all-time high. Despite the Securities and Exchange Commission’s (SEC) unpredictable nature and history of deadline extensions, the industry remains optimistic about a potential approval and the resulting benefits for the industry.
Echoing this optimism, the former SEC chairman, Jay Clayton, has expressed confidence in an imminent approval.
Bitcoin ETF: ‘Nothing Left to Decide’
In a CNBC interview on Monday, January 8, former SEC chairman Jay Clayton expressed his belief that the approval of Bitcoin ETFs is guaranteed.
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Clayton indicated that the commission has reached the final stage of its review process, asserting, “I think approval is inevitable. There’s nothing left to decide.”
The former SEC chair’s remarks align with the prevailing sentiment within the industry as issuers and investors gear up for a positive conclusion to the SEC’s months-long Bitcoin ETF approval process.
The heightened anticipation among investors has driven Bitcoin’s price to new heights, surpassing the $47,000 mark in the early hours of January 8, 2024.
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SEC Chair Gary Gensler has cautioned investors ahead of the commission’s regulatory verdict, emphasizing the need for a cautious approach to crypto investments and a thorough understanding of the associated risks.
Bitcoin ETF issuer BlackRock is gearing up for the SEC’s verdict; read more:
BlackRock Expects Bitcoin ETF Approval Wave on Wednesday
Experts predict unlikely Bitcoin ETF rejection; read more:
Bitcoin ETF Approval Odds Now 95%, Bloomberg Analyst Claims
