#GaryGensler been trying to have it both ways, take credit if #crypto become mainstream, “i told you so” if it fails. Just smart risk management?


But it gets confusing when he shares these comments, was he saying it as a regulator or speculator?

As a regulator, he should only or mainly focus on his/SEC ability to regulate bitcoin spot ETF products. If he can do it effectively, he approves and get it to the market. If he can’t, he needs to explain clearly why he can’t do it and take it back to the court if necessary.

But as a speculator of crypto, he made the opposite comment before he became SEC chair. https://www.youtube.com/watch?v=oR_dsd6z0x0 and did a full U turn since.