{"id":84480,"date":"2023-11-14T14:34:38","date_gmt":"2023-11-14T19:34:38","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/cathie-wood-speculates-sec-chairs-political-aspirations-are-hindrances-towards-judgment-call-on-bitcoin-spot-etf\/"},"modified":"2023-11-14T14:34:39","modified_gmt":"2023-11-14T19:34:39","slug":"cathie-wood-speculates-sec-chairs-political-aspirations-are-hindrances-towards-judgment-call-on-bitcoin-spot-etf","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=84480","title":{"rendered":"Cathie Wood Speculates SEC Chair\u2019s Political Aspirations Are Hindrances Towards Judgment Call on Bitcoin Spot ETF"},"content":{"rendered":"<div>\n<figure id=\"attachment_131374\" aria-describedby=\"caption-attachment-131374\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><noscript><\/noscript><figcaption id=\"caption-attachment-131374\" class=\"wp-caption-text\"><em>Source: Bloomberg<\/em><\/figcaption><\/figure>\n<p>The US Securities and Exchange Commission (SEC) remains unyielding amidst escalating interest in a Bitcoin spot exchange-traded fund (ETF), and Ark Invest\u2019s Cathie Wood believes she may have identified the reason.<\/p>\n<p>Making a special appearance on CNBC\u2019s Squawk Box earlier today, the veteran investor and founder of one of the largest US asset management firms said the SEC boss\u2019 political dreams might be a huge hindrance in the approval of a Bitcoin spot ETF.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">CATHIE WOOD: Gensler&#8217;s reluctance toward a spot <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETF stems from his fear of manipulation, despite teaching about <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> at MIT \ud83e\udd14<\/p>\n<p>Speculation suggests his aspirations to be Secretary of the Treasury might be the actual reason for the approval delay \ud83d\ude2e <a rel=\"nofollow\" href=\"https:\/\/t.co\/tSSDIz4Ku0\">pic.twitter.com\/tSSDIz4Ku0<\/a><\/p>\n<p>\u2014 Bitcoin News (@BitcoinNewsCom) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/BitcoinNewsCom\/status\/1724447762383610192?ref_src=twsrc%5Etfw\">November 14, 2023<\/a><\/p>\n<\/blockquote>\n<p>According to Wood, there is growing \u201cspeculation\u201d surrounding Gensler\u2019s intent to become the Treasury Secretary. Given this, a Bitcoin spot ETF could further complicate his aspirations.<\/p>\n<blockquote>\n<p>\u201cWhat does the Treasury Secretary do? It\u2019s very focused on the dollar,\u201d she added.<\/p>\n<\/blockquote>\n<p>Wood\u2019s speculations come from the fact that Gary Gensler comes from a rich crypto background.<\/p>\n<p>Before taking over the reins of the top US regulatory agency, Gensler was a crypto and blockchain professor attached to the Massachusetts Institute of Technology (MIT).<\/p>\n<p>Wood contends that his deep industry knowledge contradicts his refusal to approve a Bitcoin spot ETF during his two-year tenure.<\/p>\n<p>Gensler has cited market manipulation of cryptocurrencies like Bitcoin as one of the plethora of reasons behind the government agency\u2019s reluctance. However, Wood disputes this.<\/p>\n<p>According to her, Bitcoin is a decentralized and transparent network, and all transactions can easily be traced on it, making it highly improbable that market manipulation will be successfully executed.<\/p>\n<p>Running on distributed ledger technology (DLT), cryptocurrencies like Bitcoin are known to be publicly viewable. They are also immutable, making it hard for transactions to be modified once approved by a group of distributed miners.<\/p>\n<h2>Crypto Market Could Hit $25 Trillion in Market Valuation<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>Wood\u2019s Ark Invest has been one of the staunch supporters of crypto native services hitting the mainstream financial markets in the last couple of years.<\/p>\n<p>The firm also filed a Bitcoin spot ETF interest with the SEC in hopes of getting approval from the top US agency.<\/p>\n<p>Joining Ark Invest in this pursuit is the $11 trillion asset under management (AUM) firm BlackRock, which is becoming increasingly confident that a Bitcoin spot ETF approval could be made as early as January 2024.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Scoop: <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/BlackRock?ref_src=twsrc%5Etfw\">@BlackRock<\/a> growing increasingly confident <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/SECGov?ref_src=twsrc%5Etfw\">@SECGov<\/a> will approve its BTC ETF by January, sources tell <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/FoxBusiness?ref_src=twsrc%5Etfw\">@FoxBusiness<\/a> more now w <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/LizClaman?ref_src=twsrc%5Etfw\">@LizClaman<\/a><\/p>\n<p>\u2014 Charles Gasparino (@CGasparino) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/CGasparino\/status\/1722717281732424042?ref_src=twsrc%5Etfw\">November 9, 2023<\/a><\/p>\n<\/blockquote>\n<p>Other major players, including Fidelity, Grayscale, WisdomTree, and others, are also seeking approval from the SEC.<\/p>\n<p>Wood believes this collective interest in the top cryptocurrency could spur a significant uptrend in Bitcoin\u2019s price and the broader crypto market.<\/p>\n<p>Making her projections for the next seven years, Wood stated that the crypto market can transcend its $1 current market valuation and hit $25 trillion by 2030.<\/p>\n<p>She states that a Bitcoin spot ETF approval could easily lead to an influx of liquidity from several mainstream investors who have largely remained on the sidelines due to a lack of regulatory clarity from the US government.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/cathie-wood-speculates-sec-chairs-political-aspirations-are-hindrances-towards-judgment-call-on-bitcoin-spot-etf.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Bloomberg The US Securities and Exchange Commission (SEC) remains unyielding amidst escalating interest in a Bitcoin spot exchange-traded fund (ETF), and Ark Invest\u2019s Cathie Wood believes she may have identified the reason. Making a special appearance on CNBC\u2019s Squawk Box earlier today, the veteran investor and founder of one of the largest US asset [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":82223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-84480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cathie Wood Speculates SEC Chair\u2019s Political Aspirations Are Hindrances Towards Judgment Call on Bitcoin Spot ETF | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: Bloomberg The US Securities and Exchange Commission (SEC) remains unyielding amidst escalating interest in a Bitcoin spot exchange-traded fund\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=84480\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cathie Wood Speculates SEC Chair\u2019s Political Aspirations Are Hindrances Towards Judgment Call on Bitcoin Spot ETF | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Source: Bloomberg The US Securities and Exchange Commission (SEC) remains unyielding amidst escalating interest in a Bitcoin spot exchange-traded fund\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=84480\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-14T19:34:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-14T19:34:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/11\/1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1669\" \/>\n\t<meta property=\"og:image:height\" content=\"874\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=84480#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=84480\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Cathie Wood Speculates SEC Chair\u2019s Political Aspirations Are Hindrances Towards Judgment Call on Bitcoin Spot ETF\",\"datePublished\":\"2023-11-14T19:34:38+00:00\",\"dateModified\":\"2023-11-14T19:34:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=84480\"},\"wordCount\":576,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=84480#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=84480\",\"url\":\"https:\/\/ifintechworld.com\/?p=84480\",\"name\":\"Cathie Wood Speculates SEC Chair\u2019s Political Aspirations Are Hindrances Towards Judgment Call on Bitcoin Spot ETF | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-11-14T19:34:38+00:00\",\"dateModified\":\"2023-11-14T19:34:39+00:00\",\"description\":\"Source: Bloomberg The US Securities and Exchange Commission (SEC) remains unyielding amidst escalating interest in a Bitcoin spot exchange-traded fund\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=84480#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=84480\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=84480#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cathie Wood Speculates SEC Chair\u2019s Political Aspirations Are Hindrances Towards Judgment Call on Bitcoin Spot ETF\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cathie Wood Speculates SEC Chair\u2019s Political Aspirations Are Hindrances Towards Judgment Call on Bitcoin Spot ETF | iFintechWorld","description":"Source: Bloomberg The US Securities and Exchange Commission (SEC) remains unyielding amidst escalating interest in a Bitcoin spot exchange-traded fund","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=84480","og_locale":"en_US","og_type":"article","og_title":"Cathie Wood Speculates SEC Chair\u2019s Political Aspirations Are Hindrances Towards Judgment Call on Bitcoin Spot ETF | iFintechWorld","og_description":"Source: Bloomberg The US Securities and Exchange Commission (SEC) remains unyielding amidst escalating interest in a Bitcoin spot exchange-traded fund","og_url":"https:\/\/ifintechworld.com\/?p=84480","og_site_name":"iFintechWorld","article_published_time":"2023-11-14T19:34:38+00:00","article_modified_time":"2023-11-14T19:34:39+00:00","og_image":[{"width":1669,"height":874,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/11\/1.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=84480#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=84480"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Cathie Wood Speculates SEC Chair\u2019s Political Aspirations Are Hindrances Towards Judgment Call on Bitcoin Spot ETF","datePublished":"2023-11-14T19:34:38+00:00","dateModified":"2023-11-14T19:34:39+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=84480"},"wordCount":576,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=84480#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=84480","url":"https:\/\/ifintechworld.com\/?p=84480","name":"Cathie Wood Speculates SEC Chair\u2019s Political Aspirations Are Hindrances Towards Judgment Call on Bitcoin Spot ETF | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-11-14T19:34:38+00:00","dateModified":"2023-11-14T19:34:39+00:00","description":"Source: Bloomberg The US Securities and Exchange Commission (SEC) remains unyielding amidst escalating interest in a Bitcoin spot exchange-traded fund","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=84480#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=84480"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=84480#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Cathie Wood Speculates SEC Chair\u2019s Political Aspirations Are Hindrances Towards Judgment Call on Bitcoin Spot ETF"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/84480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=84480"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/84480\/revisions"}],"predecessor-version":[{"id":84481,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/84480\/revisions\/84481"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/82223"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=84480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=84480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=84480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}