You think he will stop at shitcoins...that's laughable.
That's not what I said. But if you desperately wanna fight straw men.. be my guest.
Again, here is my quote: "I
tend to think Gensler is good for Bitcoin and bad for shitcoins"
(I mean him, not the people behind him, or anyone else):
#1
He knows very well the technical an monetary differences between Bitcoin and shitcoins. I think you know how important that knowledge is in order to understand Bitcoins's decentralization, purity and the value thereof. (check out his MIT lectures and you will see how deep his understanding is)
#2
He has already declared Bitcoin a non-security. Which is
good for Bitcoin.
#3
When asked about different shitcoins, he always refers to the Howey-Test. And it's obvious that almost any shitcoin will pass the that test.
In result that is
bad for these shitcoins
Maybe a few people here should read the "First they came" poem by M. Niemoller...
...it's quite relevant despite a multitude of the opposite opinions on this forum.
I learned it in high school, decades ago. It was good life advice for me.
As I understand it, you try to draw a connection between Niemöller's saying and this Bitcoin/shitcoin/Gensler talk, no?
I might get you wrong, but do you wanna imply that Bitcoiners should try to be vocal in favor of shitcoins, like mEth, in order to avoid being the next on the list who the state is coming for ?
If yes, primarily prepare for JJG's batslap

and secondarily I think it's an inaccurate comparison:
#1
The Nazis came for their opponents...
but most shitcoins like mEth are no opponent for the fiat system, because they support exactly the same power structure, (power of the rich) by POS, pre-mine etc.
If Bitcoin is seen as an enemy, it will be so no matter if shitcoins exist or not. It's not the same animal.
#2
The Nazis came to put humans into camps or to kill them...
totally inadequate to compare that to regulators who come for illegal
securities scams and try to get them registered in a way any other non-scammy product has to do it
However if you like... and if you can endure some slapping

... anyone feel free to vocally support shitcoins in order to save Bitcoin from the state..
But I think that logic is a laughable
(to use your wording)It makes only sense, if you are a shitcoiner and don't get the difference between Bitcoin and shitcoins... but even Gensler gets it, what brings me back to my OP