- Lawyer John Deaton argued that it is accurate to attribute spot ETF denial to Jay Clayton.
- Deaton believes Gary Gensler could not reject Bitcoin spot ETF without Clayton’s actions.
- This exposition comes amid Clayton’s admission that spot ETF is inevitable.
Prominent figures in the crypto community, including a legal expert, have argued that the immediate past chairman of the SEC frustrated the initial route to Bitcoin spot ETF, only to come back to show support.
In a recent post, Perianne Boring, the pro-Bitcoin founder of Digital Chamber, pointed out that Jay Clayton, former SEC Chairman, had obstructed the approval of a Bitcoin spot exchange-traded fund during his tenure. This observation comes amid Clayton’s recent admission that the approval of a Bitcoin spot ETF is inevitable.
In a recent interview, Clayton expressed the contrasting view, stating that the U.S. regulator would eventually approve a Bitcoin spot ETF. However, he noted the likelihood of endorsement in the early weeks of January remains uncertain.
I agree that spot #bitcoin ETFs are inevitable. But let’s not forget that Mr…The post Ex-SEC Boss Jay Clayton Blocked Route to Bitcoin Spot ETF: Legal Expert appeared first on Coin Edition.