In a recent interview, Anthony Pompliano shared his thoughts on the U.S. Securities and Exchange Commission (SEC) and its approach to crypto regulation, spot Bitcoin exchange-traded funds (ETFs), and the use case of Bitcoin. Pompliano believes that the SEC’s recent loss in a lawsuit does not mean they have to approve spot Bitcoin ETFs, but rather they need to reconsider their decision based on other factors. He is confident that spot Bitcoin ETFs will eventually be approved and suggests that the delay could coincide with a potential supply shock in Bitcoin, which could drive up the price. Pompliano also discusses the market’s reaction to the Court of Appeals ruling in favor of Grayscale, attributing the quick wipeout of initial gains to market seasonality. He notes that Wall Street and retail investors are becoming more involved in the crypto market. Pompliano acknowledges the SEC’s challenging role in balancing innovation and investor protection, emphasizing the need for education and dialogue to make progress. He believes Bitcoin is primarily used as a store of value and mentions the different use cases in different countries. Lastly, Pompliano mentions that a spot Bitcoin ETF would likely attract large institutions rather than retail investors.

AI Sentiment: Neutral