Interview with former SEC Chairman Jay Clayton: Approval of Bitcoin Spot ETF is Inevitable

Bitcoin spot ETF issuers have submitted amended documents, announced fee structures, and injected seed funds on January 8th, which is seen as a final reminder before issuance. SEC Chairman Gary Gensler’s tweet calling attention to crypto-related risks at this time is considered significant. Former SEC Chairman Jay Clayton also stated in a CNBC interview that approving ETFs is inevitable.

Jay Clayton was asked if the SEC will approve a Bitcoin ETF, to which he believes that approval is already inevitable and there are no remaining concerns to be resolved. He pointed out that the SEC is satisfied with the information disclosed by all parties. Joe Kernen, CNBC host, has just learned about the costs associated with investing in a Bitcoin ETF, which is the information that needs to be known in order to understand the Bitcoin trading market. It has become strong and efficient. Bitcoin is much better than it was five years ago when there were concerns about wash trading and money laundering. These past risks were the main reason they were not open to the public.

He also mentioned that the last reason is the progress in custody, creation, and redemption mechanisms. He admits that he may be wrong in his prediction, but he truly believes that a Bitcoin spot ETF will be approved.

When Jay Clayton was interviewed by CNBC in September last year, he maintained a positive view on a Bitcoin spot ETF, but his argument was slightly different. He stated that the dichotomy between futures and spot products cannot continue indefinitely.

Gary Gensler
Jay Clayton
Bitcoin spot ETF

Further reading
Is the approval of a Bitcoin ETF really important? Venture partner Adam Cochran: Short-term impact is minimal.
International investment bank: To avoid a repeat of the Grayscale case, the SEC will approve a Bitcoin spot ETF.