SEC Chair Gensler 'Weirdly' Helped the Crypto Industry: Anthony Scaramucci

Weirdly, Gary helped the industry. I'm gonna explain why he, he more or less broke the law by not approving the Bitcoin ETF. There's an administrative law that says you can't be arbitrary and capricious and of course, the futures ETF was approved. And so it would have made sense that uh you know, you can't be arbitrary in the administration of the law, the, the cash ETF should have been approved shortly thereafter. He delayed it, he lost the lawsuit as a result of that. But that delay, that twelveish month delay, uh the bottom fell out on the industry. All the fraud got exposed, all the over leverage in the industry got exposed. And I think it's a sturdier industry today. And I think those prices for Bitcoin, we actually less levered more sturdy. And of course, we have these uh ETF s that have gained a tremendous amount of cash inflows uh since they started in January.