"I was very skeptical with trading in the #bitcoin market when I was SEC Chair," says Jay Clayton. "But if you can demonstrate that the spot market has similar efficacy to the futures market, it would be hard to resist approving a #bitcoin ETF."

https://twitter.com/i/status/1678381857367289856

#plebchain #bitcoin #btc

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Discussion

Institutional investors are at the doorstep waiting for approval to stack much of the crypto out there. I think it's good for the space in the short term. Not so sure in the long term.