Cryptocurrencies are now on everyone’s lips globally. The popularity of ‘Satoshi Nakamoto’, who started this trend with the leading cryptocurrency Bitcoin, is undoubtedly at its peak. So much so that SEC Chairman Gary Gensler, whom we know for his crypto-hating stance, cannot help but mention him! In a recent development, Gensler made an interesting post for the Bitcoin inventor.
Halloween message from the SEC Chairman to Bitcoin and its inventor!
cryptokoin.comAs you follow from , US Securities and Exchange Commission (SEC) Chairman Gary Gensler is a very unpopular personality in the market due to his stance against cryptocurrencies. However, Bitcoin (BTC) has a special place in Gensler’s eyes. SEC Chairman made an interesting post about crypto money and its inventor, which he keeps apart from others. In this context, Gensler shared the following post on his X account:
Would we understand it if Satoshi Nakamoto dressed up as Satoshi Nakamoto for Halloween? Happy 15th anniversary of Satoshi’s famous ‘white paper’ that launched crypto. All crypto companies that deceive investors must start complying with securities laws.
BTC ETFs in an epic Gensler’rug pull‘to this? going?
Bloomberg ETF analysts say there’s always the possibility, though unlikely, that SEC Chairman Gary Gensler will wait until the last moment to reject pending spot Bitcoin ETF applications. Gary Gensler is unlikely to pull the plug on the spot Bitcoin ETF, according to analysts. Analysts describe him doing this as “incredibly sadistic.”
ETF commentator Dave Nadig asked in an Oct. 31 tweet to Bloomberg senior ETF analysts James Seyffart and Eric Balchunas whether Gensler would allow spot Bitcoin ETF applications to pile up, only to pull them all at once with a “semi-funny rug pull.” He asked if she would refuse. “I’m sure it will be much more boring than this,” Nadig said. “But sometimes it feels like this is all a set-up for a giant Gensler quasi-comedy,” he says.
Responding to this comment, Seyffart admits that such a scenario “lingered” in the back of his mind for weeks, if not months. “It would be absolutely epic from his perspective, though,” he adds. Balchunas also states that a possible rug pull would be “extremely sadistic.” He also notes that this will likely “trigger a wave of lawsuits.” However, both analysts see this scenario as unlikely for Bitcoin ETF. However, Balchunas admits that a last-minute rejection is not entirely out of the question. This was one of the reasons why he and Seyffart were hesitant to raise the odds of approval above 90%.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!