The former chairman of the Securities and Exchange Commission (SEC), Jay Clayton, has stated that the regulator’s approval of a spot Bitcoin (CRYPTO: BTC) Exchange-Traded Fund (ETF) is essentially guaranteed. What Happened: Clayton said in a CNBC interview that the approval of a spot Bitcoin ETF was a matter of when, not if. This comes after the SEC’s consistent rejections of all previous applications for a Bitcoin ETF, on the grounds of potential market manipulation and fraud, reported Cointelegraph. “I think approval is inevitable. There’s nothing left to decide.” Clayton applauded the regul…

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