Gary Gensler... "We have not endorsed #bitcoin."
That is very misleading because, in the same breath, he could say that the SEC has not endorsed and will never endorse any commodity, not oil, not gold, not [enter] your favorite exchange-traded product, commodity, or security!
Also, he states over and over how #bitcoin is very speculative and highly volatile. This is 100% accurate for an individual who has NOT done their homework and wants to day-trade #bitcoin [or any other product] using ONE-MINUTE candlestick charts. I agree, and I would call it GAMBLING.
Yet, Chairman Gensler ALSO knows about taking a long-term investment horizon, and yet he has never nor do I suspect he will ever mention the #bitcoin #200WMA.
My take: Investor protection is not about investor protection. Investor protection has turned into protecting the status quo, and those who benefit greatly from being close to the #fiat money-printing spigot.
