Former SEC Chair Gary Gensler, in a Bloomberg interview, stated that all crypto assets except Bitcoin are high-risk and highly speculative, lacking fundamental support. Gensler emphasized that Bitcoin is viewed more as a commodity from a regulatory perspective, while urging caution for investors regarding thousands of other tokens. He also dismissed the notion that crypto regulation is a partisan issue and noted that the integration of crypto assets with traditional financial infrastructure post-ETF listings is an expected trend towards centralization.