However, some politicians are currently in power but still speak "in favour" of Bitcoin. If some politician harshly criticizes Gary Gensler, Chairman of the SEC, I think it's a more important thing than Trump's first Bitcoin transaction (a month before the 2024 vote). At the same time, I am almost certain that the majority of the crypto community will agree with the criticisms that have been directed at the SEC.
Regardless, it's good to see that someone has recognized and publicly stated the problem with the SEC
These politicians in power with their positions, already questioned and criticized SEC and its chairman Garry Gensler in some Congressional hearings many months ago. I believe the pressure from them are one of reasons to force SEC. approving Bitcoin Spot ETF applications in January 2024. Another pressure is the President Election in November 2024 and the Democrat Party did not want to lose supports from US citizens.
These reasons are biggest ones for Bitcoin Spot ETF approvals this year. With this flow of pressure and policy changes of SEC under pressure, latest criticisms from Republican Party politicians are not strange and not surprising.
Skip politics, these things are good for Bitcoin.
