Historical Fact: The Spot Bitcoin ETFs were approved by the Joe Biden Administration.
Filthy Fiat Don's gangsters never got it done in their entire 4 year crime spree.
Discussion
I believe it was the courts that forced them
The denial of Grayscale’s proposal was arbitrary and capricious because the Commission failed to explain its different treatment of similar products,” Circuit Judge Neomi Rao wrote on behalf of the court, noting that the SEC has approved bitcoin futures ETFs. The ruling was unanimous in a three-judge panel. Rao was appointed by President Donald Trump, while the other two judges were appointed by Democratic presidents.
https://www.wsj.com/finance/regulation/grayscale-wins-lawsuit-against-sec-over-bitcoin-etf-1b305cfa
Now do Trump’s excuse for denying approvals. I’ll help: 
🤣 at least Vivek might have informed him https://www.coindesk.com/arc/outboundfeeds/yahoo/nrys8o/?outputType=xml