Former SEC official: I personally believe the SEC will approve a Bitcoin spot ETF

Former U.S. SEC Internet Enforcement Director John Reed Stark posted on the The facts of the SEC proceedings have also not been disclosed by anyone I know. Therefore, all speculations and theories about what happened within the SEC are likely to be based on interpretations by applicants' attorneys, which may be completely wrong, or they may be biased, calculated, manipulative, and strategic. Based on Gary Gensler's previous post (sounds a lot like SEC Investor Alert, involving small cap stocks, penny stocks, options, high yield investment plans, etc.), it seems to me that the Commission has capitulated and will approve ( Bitcoin Spot ETF) — and just let things happen naturally. " According to previous news, Fox Business reporter Eleanor Terrett posted on the X platform that there is an interesting reminder: the five members of the US SEC may delay the approval of the Bitcoin spot ETF. SEC committee members include: Gensler, Crenshaw, Peirce, Lizárraga and Uyeda. While no formal committee vote on the ETF is scheduled, each committee member apparently has the authority to request review and a full committee vote under 17 C.F.R. Section 201.431, even if the matter has already been assigned and approved by delegation. This provision allows an SEC commissioner to ask the entire Commission to review matters authorized by the staff.