also very interesting info and yes certainly makes them appear hypocritical at the least. I've further learned than there are multiple commissioners and they are by no means at consensus on this topic.  

krispy_donkey

bitcoin

SEC Commissioner Crenshaw's statement on the approval - interesting info

I understand your point, but to me this dissent smacks of hypocrisy. The SEC approves ADRs and ETFs from China. Chinese stocks traded on the mainland observe no auditable accounting standards, have opaque financials, and are embraced by the SEC. Gary Gensler assisted MF Global and John Corzine in skating the law after using customer funds for derivatives trading. The SEC permits at least four nickel commodity etfs, despite investors in the spot market being horribly defrauded two years ago. https://www.bbc.com/news/business-61701238

I'm not buying this sanctimonious bullshit.