Gary Gensler Was Pro-Crypto in Private?
According to Patrick McHenry (former Chair of the U.S. House Financial Services Committee), former SEC boss Gary Gensler wasn’t so anti-crypto behind closed doors!
He revealed on May 14 that Gensler’s public tough stance on crypto was likely influenced by Senate politics and his role as SEC Chairman.
This comes as a surprise to many in the space, especially after years of what some called “regulation by enforcement.”
Key Takeaways:
🔹 Gensler may have been more crypto-friendly in private
🔹 Public actions were influenced by political pressures
🔹 Raises questions about regulatory transparency
What do you think? Was the crypto crackdown all politics?