TechFlow reports that John Reed Stark, former Director of Internet Enforcement at the U.S. Securities and Exchange Commission (SEC), pointed out on social media that SEC procedures are typically confidential and difficult to predict. He explained that much of the speculation about what happens inside closed SEC meetings is largely based on interpretations by applicants' lawyers, which could be incorrect, biased, or calculated, manipulated, and strategic.
Regarding reports on spot Bitcoin ETFs and statements from SEC Chair Gensler, Stark believes the SEC might approve the proposal, but emphasized that every commission vote is hard to accurately predict—especially in the crypto space.
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