Former SEC Attorney Says SEC Won't Approve a Bitcoin Spot ETF Due to Concerns of Market Manipulation and Concentration



Former SEC attorney John Reed Stark believes that the SEC will not approve a Bitcoin spot ETF application due to concerns of market manipulation and concentration in the Bitcoin markets. The Washington-based nonprofit Better Markets has also urged the SEC to reject a proposed rule change for a Bitcoin ETF. Stark predicts that a Republican-led administration after the 2024 presidential election may take a friendlier stance on crypto and make it easier to get approval for a spot ETF.
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