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Former SEC chairman says spot Bitcoin approval is "inevitable"

On CNBC, former SEC Chairman Jay Clayton says of Bitcoin spot ETF applications that "an approval is inevitable".

"It is clear that Bitcoin is not a security. It is something that retail investors want access to, and importantly our most trusted providers want to provide to the retail public. An approval is inevitable."

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bitcoin, etf, spot approval, sec, sec chairman, crypto, web3, blockchain, retail, jay clayton