Gary Gensler seems to have developed a case of selective hearing, especially regarding crypto. 🤦♂️
After a meeting all about the U.S. Treasury market, Bloomberg’s Kailey Leinz dared to ask Gensler about the status of those pesky applications for spot bitcoin ETFs. It’s one of those things you have to watch:
He may not have liked all the questions… but appreciate Chair Gensler giving us his time! https://t.co/pusBa2qmwo
— Kailey Leinz (@kaileyleinz) December 13, 2023
“The $26 trillion Treasury market is the bedrock of our capital markets, the lifeline of our government, the heartbeat of the Federal Reserve’s monetary policy, and the iron fist of dollar dominance globally. And you want to talk about crypto?” – Gensler.
The G man continued to school viewers on the importance of U.S. Treasuries while repeating his belief that crypto and most of the people in it are bad is naughty.
Meanwhile, the SEC is sifting through a mountain of applications from the likes of BlackRock and Fidelity for the country’s first spot $BTC fund. And as they deliberate, the price of Bitcoin is doing the cha-cha, with analysts betting on approval in January 2024. 🦡