Gary Gensler approves a leverage btc futures ETF, but denies spot btc ETFs citing "consumer protection". Where is the logic there?

Spot btc is literally safer than buying leverage btc futures. The SEC says no to spot btc but approves leverage btc, they have truly lost their minds. Do they not plan to "protect consumers" now? These people need to do their jobs better. Prevent ftx, celcius etc from happening instead of going after Coinbase, binance via lawsuits. Create some regulatory clarity instead of just suing everyone to get their money up.

Imagine letting retail gamble with leverage btc but not letting them buy spot btc ETFs. This is kind of getting crazy now. It literally makes 0 sense. SEC needs to get gutted from the inside and change its regime seriously.