SEC Chair Gensler Critiques Bitcoin as ‘Token of Choice’ for Ransomware, Despite Spot ETF Approvals

In a revealing conversation with David Westin on Bloomberg TV’s “Wall Street Week,” Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), talked about the intricate challenges of regulating Bitcoin and the broader cryptocurrency market. The Nuanced Approach to Bitcoin ETFs Gensler recounted the SEC’s journey with Bitcoin-related products, particularly highlighting the approval…