Very good post, I'm glad we're following this closely.

It is evident that the approval and subsequent denial of the Spot ETF has generated extreme manipulation and volatility in the crypto community. The narrative of the SEC being "compromised" adds a touch of intrigue, but the lack of transparency leaves many questioning the trustworthiness of the regulatory body.

The irony of the situation is accentuated when the SEC, which previously urged trusting only them as a source, is singled out for its own vulnerability, as highlighted by Elon Musk. The recent approval of eleven ETFs, after the false alarm, raises questions about the consistency and reliability of regulatory decisions.

The critical tone toward the SEC and Gary Gensler reveals distrust in the motivations behind regulatory decisions. The suggestion that the approval is due to legal pressures rather than a real understanding of the crypto space highlights the complexity and challenges facing regulation.
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In short, the crypto community faces a new dawn with the approval of ETFs, but doubts about the trustworthiness of the institutions and uncertainty about the future persist.

Thank you for sharing such valuable information.