Lawyer John Deaton, a proponent of XRP, has commented on the recent change in the SEC's tone regarding spot Bitcoin ETFs, suggesting that Gary Gensler may have personal reasons for the shift. Deaton believes that while Gensler's perspective on Bitcoin may not have changed, the SEC's recent court loss and criticism from federal judges may have influenced the change in tone.
Bloomberg analysts have reported constructive discussions between the SEC and Bitcoin ETF issuers, leading to increased odds of approval for a spot Bitcoin ETF. Executives such as Mike Novogratz and Cathie Wood are also optimistic about approval this year.
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