The recent approval of a spot Bitcoin exchange-traded fund (ETF) by the United States Securities and Exchange Commission (SEC) has led to speculation about SEC Chair Gary Gensler's motives. Many had anticipated Gensler, who has often highlighted the risks associated with crypto investments, to potentially block such a development. However, during the SEC's vote on the spot Bitcoin ETF, Gensler joined two other commissioners in favour of approval, while two commissioners dissented. This 3-2 vote raised questions about Gensler's stance, with some suggesting he may have been the decisive vote. Gensler, in a subsequent statement, maintained his critical view of crypto, referring to Bitcoin as a "speculative, volatile asset" and emphasizing that the SEC's approval did not constitute an endorsement of Bitcoin.