Cathie Wood, the CEO of ARK Investment, has speculated that SEC Chairman Gary Gensler may be avoiding making a judgment call on BitcoinSpot ETF due to his political ambitions. Wood believes that Gensler, who is a former hedge fund executive, may be swayed by the mounting pressure from the banking and corporate industry to avoid approving a Bitcoin ETF. Wood has expressed her concerns about Gensler’s potential hesitation on the regulatory decision, noting that this could potentially stifle innovation and innovation within the blockchain and cryptocurrency space. With the current SEC chairman’s focus towards maintaining his public image as being pro-business and pro-Wall Street, Wood believes Gensler may take a more traditional approach towards the ETF approval than necessary.
Cathie Wood Speculates SEC Chair’s Political Aspirations Are Hindrances Towards Judgment Call on Bitcoin Spot ETF
