It makes perfect sense now why the SEC chair hasn't made a decision on Bitcoin spot ETFs.

Saying that the crypto space is "non-compliant" also makes perfect sense...when seen through his eyes.

Playing devils advocate for a second, I believe that denying all ETFs is a good thing. 

This may spark some very mean comments, but let me explain...

Even though these companies are buying up a lot of crypto, none of their investors will see a single Satoshi.

That is IF Gensler approves a spot ETF...and he doesn't decide to end Bitcoin futures ETFs.

Wait, what? He wouldn't do that, would he?

Not only is he going to stall this as long as he can, he is even thinking about fighting against futures as well.

But why?

 Because he is a sore loser, and a liar and a market manipulator, and crypto bros allow him to speak against our space.

Many WANT regulation because that way they can still play with their crypto, and not end up in jail for non-compliance.

Those people who even entertain the idea that government needs to get involved with crypto, are afraid.

But, I digress...

A judge ruled in favor of Grayscale, saying that denying spot is ridiculous, because spot and futures are very similar.

Gensler won't take no for an answer and says he still has lots of tricks up his sleeves.

Well, we shall see how this all plays out.

Thanks for reading, and please comment your thoughts below...👇🏻