Odaily Planet Daily News Former SEC Internet Enforcement Director John Reed Stark said on X that the current US Securities and Exchange Commission (SEC) will not approve the application for Bitcoin spot ETF.
Additionally, Stark said that if a Republican wins the White House in 2024, the SEC could reduce cryptocurrency enforcement and "become more willing to approve a bitcoin spot ETF and more likely to adopt other significant cryptocurrency-friendly ETFs." Regulatory Action".
Stark also believes that if the next president is a Republican, the current SEC chairman Gary Gensler "may resign", and Hester Peirce, known in the industry as "cryptocurrency mom", may become acting chairman, and "cryptocurrency-related SEC The chaos will stop abruptly."