![Gary Gensler’s Bitcoin ETF Clown Show Coindesk Logo](https://btcusa.com/wp-content/uploads/2024/01/Gary-Genslers-Bitcoin-ETF-Clown-Show-678x381.jpg)
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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.
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