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"BITCOIN IS A PREDATORY ASSET"
Mentioning that today's SEC decision includes certain protections for investors, Gensler noted that full, fair and accurate disclosures should be made about Bitcoin ETFs.
Referring to the fact that these products will be listed and traded on registered national stock exchanges, Gensler said, "Such regulated exchanges need to have rules designed to prevent fraud and manipulation, and we will monitor them closely to ensure that they enforce these rules."