I think Gary is a slimey undercover banker. He has good knowledge about Bitcoin, but that's what makes him a good undercover SEC head. He is just protecting his Goldman Sachs buddies.

When he announced he was more open to the idea of futures-backed bitcoin etf's, he blew his cover.

What is the point of futures backed etfs? Other than to create more volatility and allow his banker buddies to manipulate prices to their benefit (just like what they did to silver).