[Former SEC Internet Enforcement Director: Currently the SEC will not approve the application for Bitcoin spot ETF] According to news on August 13, former SEC Internet Enforcement Director John Reed Stark stated on Application for currency spot ETF. Furthermore, Stark said that if a Republican wins the White House in 2024, the SEC may reduce cryptocurrency enforcement and “become more willing to approve Bitcoin spot ETFs and be more likely to adopt other important crypto-friendly measures.” Regulatory Action”. Stark also believes that if the next president is a Republican, current SEC Chairman Gary Gensler “could resign,” while Hester Peirce, known in the industry as “crypto mom,” could become acting chairman and “cryptocurrency-related SEC The chaos will come to an end."