Is Gensler Stalling Due to Political Ambitions?

Could Gary Gensler’s aspirations be hindering the approval of a Bitcoin spot ETF? This question was raised by ARK Invest CEO Cathie Wood during her appearance on CNBC, where she questioned U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s reluctance to approve a spot Bitcoin (BTC) ETF.

Wood, highlighting Gensler’s extensive understanding of Bitcoin, gained from his time teaching about crypto and blockchain at MIT, finds it difficult to rationalize his resistance to a spot ETF. She emphasized Bitcoin’s nature as a decentralized, transparent network, which makes it highly resistant to manipulation, a fact she believes Gensler is well aware of.

Speculating on possible reasons behind the SEC’s persistent rejections of spot ETF applications, Wood pointed to rumors about Gensler’s ambitions to become the Treasury Secretary. She noted that the role of Treasury Secretary is heavily centered around the U.S. dollar.

Despite these regulatory hurdles, Wood remains optimistic about the future of cryptocurrencies. She predicts that the eventual approval of a spot Bitcoin ETF could be a significant driver, potentially elevating the crypto market cap from its current $1 trillion to a massive $25 trillion by 2030.

ARK Invest itself has a stake in this scenario, as its application for a spot Bitcoin ETF is among the dozen currently under the SEC’s review. This list of applicants includes major financial players like BlackRock, Fidelity, Grayscale, and Wisdomtree, all vying for the SEC’s approval in this evolving crypto landscape.

The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)

Add your vote to the V3 Portfolio (Phase 3) by clicking here.

View V3 Portfolio (Phase 2) by clicking here.

View V3 Portfolio (Phase 1) by clicking here.

Read the V3 Portfolio guide by clicking here.

What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
in the industry and manage risk allocation suitable for as many people as
possible.

The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

Move Your Mouse Over Charts Below For More Information

The ReadySetCrypto "Top Ten Crypto" Community Portfolio (V4)

Add your vote to the V4 Portfolio by clicking here.

Read about building Crypto Portfolio Diversity by clicking here.

What is the goal of this portfolio?

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.

This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.

To give an update on the position, each one listed in low to high relative risk:

SoV/money == BTC, DCR

Platforms == ETH, XTZ

Private Money == XMR / ZEC / ZEN

DeFi == MKR / SNX and stablecoins

It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

Current Top 10 Rankings:

Move Your Mouse Over Charts Below For More Information

Our Discord

Join Our Crypto Trader & Investor Chatrooms by clicking here!

Please DM us with your email address if you are a full OMNIA member and want to be given full Discord privileges.