Rising Tide

This week we explore Bitcoin’s unexpected September surge and the potential impact of SEC Chairman Gary Gensler’s comments labeling Bitcoin as a commodity. We critique Gensler's approach to crypto regulation compared to the more supportive stance of Commissioner Hester Peirce. Our discussion also covers the upcoming $16 billion in FTX repayments and its possible influence on the crypto market, alongside the growing role of institutional investors through new crypto ETFs and custodial services. Lastly, we touch on Vice President Kamala Harris’s recent pro-crypto statements, questioning the sincerity of her support amidst regulatory uncertainty.