SEC Chairman Gary Gensler Attacks Bitcoin; Claims It Undermines The U.S. Dollar

I wonder if he can say these words and a central bankster can drink a glass of water at the same time? He speaks like a captured man.

Key quote: “We layered over our digital money system about 40 years ago with money laundering and various sanctions and regimes around the globe; we layered that over a digital currency system called our banking system,” Gensler said. “In 2008, Satoshi Nakamoto wrote this paper in part as a reaction, an off-the-grid type of approach. It’s not surprising that there’s some competition that you and I don’t support but that’s trying to undermine that worldwide."consensus.”

https://bitcoinmagazine.com/business/bitcoin-competes-with-the-us-banking-system-says-sec-chairman

BTW, Gensler can't have it both ways, allowing a futures ETF, but drawing a line at Spot ETFs. Futures helps The Establishment Wall Street Traders manipulate the market, so he can't turn around and say "I need protections for the little guy!" when he's only taking care of the Wall Street players.

He'd have some credibility if he didn't allow any ETFs, but he has picked sides, picked winners and losers, and he's on the wrong side of history. He's manipulating the system for Wall Street, not looking out for the average investor. He reeks of corruption.

And him calling the USD an asset is a joke! Either he thinks you're an idiot, and don't know the difference between currencies and assets, or he's a corrupt liar. Pick one.