Gary Gensler endorsed ETFs – but now he's fighting back

THE Securities And Exchange Commission — strength by courts has permit Bitcoin AND F — East abuse recent regulatory rules has to discourage Bitcoin ETFs investments.

THE Bitcoin place ETFs East THE First of all investment product that will allow investors has get direct exposure has Bitcoin (BTC) price through traditional And regulated investment some products. It is THE First of all investment product related has Bitcoin that THE baby boomer generation East familiar with And can widely feel comfortable invest in.

THE approval came After A long trial directed THE D.C. Circuit Court has ruler that THE SECOND had has been hypocritical In approving Bitcoin eventually AND F but not place AND F. SECOND President Gary Gensler do clear her disgust In having has vote For THE AND F In A statement following THE vote. (Most ETFs approvals, even those that to have regularly lost investor funds Since approval, to have not has been accompanied by A statement Since THE president, a lot less A that recommended against invest In it).

Related: Will Bitcoin keep drop because of THE ETFs?

This was THE First of all time A SECOND president Never approved A ETFs, And by path of THE approval do A speech advise people against purchase THE ETFs. It is inconsistent with THE DRY focused on disclosure mission.

HAS THE Bitcoin community won? Did We Really beat Gary? Not SO fast. Permit A Star Wars analogy. We are In THE second movie, Empire Strikes Back. Hope For THE Bitcoin revolution In money And as A store of value East not lost, but Gensler East building A second The death Star as We speak.

Before investment advisors And brokers can recommend has their clients that they should buy A piece of THE Bitcoin place ETFs, they will need has conform with new rules adopted by THE SECOND In 2019, called Regulation Best Interest (Reg. BI).

Reg BI East A Kafka-esque regulation, elongation has hundreds of pages, adopted...