Moreover, Gensler doesnโt sound particularly โmerit neutralโ (which is how the SEC describes its role in regulating markets) when drawing a comparison between bitcoin and gold, saying one is a commodity with industrial and consumer use and the other is primarily used for ransomware, money laundering, sanctions-evasion and terrorist financing, when not for pure speculation.
Gary Gensler’s Long, Embarrassing Battle Against Bitcoin ETFs
