Moreover, Gensler doesn’t sound particularly “merit neutral” (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.
Source: https://www.coindesk.com/consensus-magazine/2024/01/11/gary-genslers-bitcoin-etf-clown-show/?utm_medium=referral&utm_source=rss&utm_campaign=headlines