SEC Chairman Gensler Finds Spot Bitcoin ETFs Ironic

US Securities and Exchange Commission (SEC) Chairman Gary Gensler finds spot exchange-traded funds (ETFs) established for Bitcoin ironic.

According to Gensler speaking to CNBC, Bitcoin ETFs, Satoshi Nakamoto decentralization vision It does not match with.

Satoshi Nakamoto, the anonymous developer of Bitcoin, wrote it in the white paper “a trustless system for electronic transactions” He described it as.

gentes, “There is an irony in the middle of all this. Satoshi Nakamoto said that this would be a decentralized system and finance […] This led to centralization.” said.

Spot Bitcoin ETFs in the US following SEC approval Thursday started trading. The funds will total within a few days. Transaction volume of more than 6 billion dollars got it.

Senator Elizabeth Warren sued by SEC for approving spot Bitcoin ETFs both legal and political He said he made a mistake in that respect.

Responding to Warren’s criticism, Gensler responded to those who disagreed with their decision. “I deeply respect” told.

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