In a recent interview with CNBC, SEC Chair Gary Gensler shed light on the approval of spot Bitcoin Exchange-Traded Funds (ETFs), stating his belief about the digital asset, raising irony, criticisms, and contradictions surrounding the decision.

“We had disapproved a number of these over the years, and something had changed,” says @GaryGensler on a #Bitcoin Spot ETF. “Taking a new court decision into consideration, we moved forward. I think this is the most sustainable path forward.” pic.twitter.com/xAEks8RARP

— Squawk Box (@SquawkCNBC) January 12, 2024

SEC Chairman Gary Gensler acknowledged the approval of 11 spot Bitcoin ETFs as a significant move. However, he also…

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