Part 4/14:
The discussion suggests Gensler’s opposition may partly be politically motivated. Despite his background—teaching at MIT and being viewed as a knowledgeable figure—his regulatory stance appears influenced by larger political strategies. Some believe his opposition to Bitcoin ETFs could be a move aligned with Elizabeth Warren’s wing of the Democratic Party, which views Bitcoin as primarily associated with criminal activity and high risk. However, interestingly, recent shifts in Democratic support point toward a more bipartisan, favorable view of Bitcoin, especially among center-left politicians in financial hubs like New York, who recognize the asset's economic importance.