Glad to see more bitcoiners are realizing Gensler is not a friend of Bitcoin or the industry in general. Just last year whenever I would point out on these forums that Gensler is very anti-Bitcoin I'd have several people jumping down my throat defending him and acting like he was some sort of hero of Bitcoin lol.
Though with ETFs approved now and with SEC losing court cases against the industry Gensler's anti-Bitcoin/Crypto crusade is becoming less important, thankfully.
Those individuals probably thought he was protecting the public from fraudsters and prevent them from getting scammed by those particular companies which do so.
The entire time he was the one who would be funneling inconsistencies with his arguments about bitcoin on the whole.
Yes and yes. It's an attack not a defense for the public. He just made it look like that so he can get the support of them but people isn't stupid anymore when it comes to this, the internet did a lot of help and those who are helping float his black propaganda.
We all saw how SEC lost to Grayscale which means they are just prolonging the process by using those propagandas and then XRP too with their partial win against them. If something or someone will fight until the end, it will certainly be a successful one because the SEC do not really have the proof to stop it, they are just halting the process.
But I won't say I hate the guy, it somehow helped filter the cryptocurrencies that are legitimate and trash all the scammy ones. The regulation somehow made those scammy projects to back away.
Gary Gensler clarifies crypto stance post-Bitcoin ETF approval
https://www.cryptonewsz.com/gary-gensler-clarifies-crypto-stance-post-bitcoin-etf-approval/
That may not be the case, as is evident from Gary’s media interaction. Gensler has put out that even though the Commission has approved 11 Bitcoin ETF applications, that does not necessarily reflect their support for the digital asset, Bitcoin. Approval of the Bitcoin ETF merely points out how the product can be traded. Cryptos remain under the radar since most of them are unregulated securities. Also, there is a high chance that approving their ETFs without a proper review could initiate a series of incidents pertaining to market manipulation and fraud.
Yes, he is really against Bitcoin.
