I have a strange feeling they will drag this into 2024 elections. It is rather safe to say that the next President will be BTC friendly (I hope ). Then there will be no Gary, it is a problem of the next SEC guy. They can't hide forever, one day they will have to state clearly we are for or against it. Let the chips fall where they may, I say. Just gitt'r done :-)

wasn't that guy supposed to have resigned?

Fink out ranks Gary though.

99.999% off shitcoins will get wiped out from the us while Bitcoin will soar.

They'll probably leave meth and state capture it for CBDCs to be pissed down pleb throats.

There are risks associated with a bitcoin etf but that's not a reason not to have one. The market will price in the risks and if the worst of the worst happens people who invested in it lose money. That's how it works. Investing is risky some investments are more risky than others but that's not a reason to ban them. So curse the sec and this kind of thinking. It's what lead to the covid policies as well. "Herp derp there is a virus someone might get hurt let's just lock everything down."

But what are investors who seek exposure to btc going to do? Are they just going to be like ah the sec hasn't approved a etf yet so ima wait. Or will they give their money directly to the shady according to SEC coinbase exchange instead?

Most likley as long as binance is one of the biggest exchanges, do they really want to dael with flooding liquidity into the market to prop up off short players like that? I doubt it

#FireGaryGensler

SEC can't sue coinbase while they approve ETFs with coinbase as their partner. Would be really interesting to see how much power does blackrock hold. Is the SEC gonna fold?

If he does get ready to stack more sats!