Part 3/14:
The dialogue describes 2023 as a tumultuous year for the SEC and its leadership, notably under Chair Gary Gensler, who has faced court setbacks and regulatory pushback. The courts have increasingly found the SEC’s actions inconsistent, especially regarding the approval or denial of Bitcoin ETFs. For example, the SEC had little choice but to approve Ethereum ETFs after a federal appeals court criticized its arbitrary decisions regarding Bitcoin ETF proposals.