US Government Enforcement Defence Counsel: Jay Clayton will not approve Bitcoin ETF during his time as SEC Chairman

On October 10th, US government law enforcement defense lawyer Jake Chervinsky said on Twitter that at this point, we have reason to believe that the SEC at Jay Clayton will never approve the Bitcoin ETF. His term of office will end on June 5, 2021, but may be extended for another 18 months. Normally, we will see that the new ETF proposal is submitted as soon as it is rejected, but it may be time to rest for a year now.