- John Reed Stark, ex-chief of #SEC Office of Internet Enforcement, predicts no approval for a spot #bitcoin ETF by the current SEC.
- Stark cites various reasons for the commission's reluctance in approving such ETFs.
- He suggests a change in administration might lead to more #crypto-friendly regulations.
- Stark believes a Republican winning the White House in 2024 could make the SEC more receptive to approving a Bitcoin spot ETF.
- This change could also lead to reduced crypto-enforcement efforts by the SEC.
- SEC has been intensifying enforcement efforts in the #crypto space, evident in the recent $24 million settlement with Bittrex.
- Despite numerous attempts, the SEC has not yet approved any spot Bitcoin #ETF applications.
