Which futures traded fund she is referring to btw? From the way she said it, it sounds like the SEC has approved futures product which is arguably more volatile and riskier compared to spot ETF. If my understanding is correct, I guess the criticism is warranted, since nobody trusts the SEC in every community that I'm part of. I don't think it will change even if the approval comes sooner though, not with how they deal with the uncertainty related to crypto regulation so far. I guess she is referring to the average joe who use crypto as a means to increase their wealth, since expecting a crypto enthusiast who values privacy and decentralization to be friendly to a government agency is quite a stretch. CMIIW.