Former SEC Official: Doesn't believe the approval of a spot Bitcoin ETF is a ...

Kabir903 · Post time 28-12-2023 20:21:32

Former Director of the SEC's Office of Internet Enforcement, John Reed Stark, expressed on the X platform that personally, he is not a supporter of a spot Bitcoin ETF and does not see the approval of a spot Bitcoin ETF as a positive development.

According to John Reed Stark, the idea of a spot Bitcoin ETF is still a "ridiculous" concept, as it could create another large-scale Wall Street scheme to attract investors and the spot Bitcoin ETF could be the most "centralized" cryptocurrency product.

Kahn332 · Post time 29-12-2023 04:40:51

It seems like a genuinely good thing.

Jafar224 · Post time 29-12-2023 07:13:28

Whether it's a good thing or not, we'll have to wait and see the results.

Jatin255 · Post time 29-12-2023 08:25:37

It's uncertain whether Bitcoin will get approved.