Before strengthening supervision, Bitcoin will not be listed on traditional mainstream exchanges. This statement by the SEC Chairman has attracted widespread attention and heated discussions in the market. As the leader of the cryptocurrency market, Bitcoin's future trend has attracted much attention. This article will conduct an in-depth analysis of the SEC Chairman's statement and explore the impact of strengthening supervision on Bitcoin and the entire cryptocurrency market.

The SEC Chairman's statement on the future listing of Bitcoin on mainstream exchanges has caused a shock in the market. Strengthening supervision is an inevitable measure to protect the interests of investors and maintain market order. In the current situation of large fluctuations and high risks in the cryptocurrency market, the importance of supervision is self-evident. As the cryptocurrency with the highest market value, the direction of Bitcoin will affect the direction of the entire market. Therefore, the statement of the SEC Chairman will undoubtedly have a profound impact on the cryptocurrency market.

First, strengthening supervision will enhance the legitimacy and transparency of Bitcoin. In the past, there were many regulatory loopholes and legal risks in the Bitcoin market, and investors were difficult to be effectively protected. Strengthening supervision will standardize market behavior, reduce fraud and manipulation, and enhance market transparency and investor confidence. This will attract more traditional capital and institutional investors to enter the market and drive the steady rise of Bitcoin prices.

Second, strengthening supervision will promote the long-term development of Bitcoin. Regulation is the cornerstone of the healthy development of the market. Only in a standardized market environment can Bitcoin achieve long-term and stable growth. Regulation can regulate the behavior of exchanges in terms of operations and fund management, prevent market risks, and ensure the interests of investors. This will lay a solid foundation for the future development of Bitcoin and make it a high-quality asset for sustainable investment.

Furthermore, strengthening regulation will push Bitcoin to the mainstream. Traditional mainstream exchanges have stricter regulatory requirements, and the Bitcoin market has long had regulatory loopholes and risks, making it difficult for it to land on mainstream exchanges. Strengthening regulation will make Bitcoin meet the entry standards of mainstream exchanges and pave the way for its landing on mainstream exchanges. Once Bitcoin lands on mainstream exchanges, it will attract more institutional investors and retail investors to participate, and promote the further expansion of market size and liquidity.

In summary, the statement of the SEC chairman is of great significance to the Bitcoin market. Strengthening regulation will enhance the legitimacy and transparency of Bitcoin, promote its long-term development, and push it to the mainstream. Investors should pay close attention to changes in regulatory policies, adjust investment strategies in a timely manner, and seize market opportunities. As the leader of the cryptocurrency market, Bitcoin's future development prospects are still worth looking forward to. The statement of the SEC chairman may open a new chapter in the development of the Bitcoin market. Let us wait and see and witness the future of Bitcoin.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

According to CNBC, Jay Clayton, chairman of the U.S. Securities and Exchange Commission, said on Thursday that Bitcoin will not be listed on mainstream exchanges before strengthening supervision, and investors should be vigilant before that.

Bitcoin currently has a market value of $177 billion, and there have been multiple attempts to enter the mainstream market, including the launch of exchange-traded funds (ETFs) to make it easier for retail investors to enter this field. However, regulators do not recognize Bitcoin's move to enter the mainstream market amid sharp price fluctuations, negative news, and the general skepticism of the mainstream society about the stability of the crypto industry.

On Wednesday, Cboe BZX Exchange announced the withdrawal of the VanEck/SolidX Bitcoin ETF proposal. Jake Chervinsky, a U.S. government enforcement defense and securities litigation lawyer, believes that VanEck withdrew its Bitcoin ETF proposal, probably because the U.S. Securities and Exchange Commission will reject it next month.

Although Bitwise's ETF proposal is still pending (for now), and the SEC will make a final decision on October 13, he speculates that there will be no Bitcoin ETF in 2019.

Circle CEO Jeremy Allaire also said in an interview recently that the U.S. Securities and Exchange Commission (SEC) will not approve the Bitcoin ETF proposal because SEC Chairman Jay Clayton is opposed to Bitcoin.

Clayton said in his opening speech at the Delivering Alpha conference in New York:

"If (investors) think that Bitcoin's price discovery mechanism is as strict as Nasdaq or the New York Stock Exchange...then they are wrong. We must first ensure that transactions are better regulated."

In fact, the price discovery problem is also an important factor hindering the passage of Bitcoin ETFs.

The closest time for Bitcoin to be listed on a mainstream exchange was when the Chicago Mercantile Exchange (CME) announced the launch of Bitcoin futures trading. However, Bitcoin spot has not been traded on mainstream traditional exchanges to date.