Former SEC Chair's Private Views on Crypto Revealed

Former US Securities and Exchange Commission (SEC) Chair Gary Gensler's private stance on crypto has been unveiled by former US Representative Patrick McHenry. Despite appearing anti-crypto in public, Gensler expressed a more nuanced view of digital assets in private meetings. McHenry disclosed that Gensler recognized the value of digital assets and blockchain technology during his time at MIT. However, once Gensler assumed the role of SEC chair, his regulatory approach towards crypto drastically changed, causing dismay among industry leaders. Gensler's public opposition may have been influenced by Senate and confirmation politics. Following his departure from the SEC, Gensler returned to MIT to teach fintech and AI. During his tenure, the SEC took a tough regulatory stance on crypto, leading to backlash from industry players. The article also highlights reactions from Coinbase and Gemini towards Gensler's regulatory actions. Read more AI-generated news on: https://app.chaingpt.org/news