Shocking Revelation! Former SEC Chairman Gary Gensler Actually Supported Cryptocurrency Privately?

Former Chairman of the U.S. House Financial Services Committee Patrick McHenry recently revealed that former SEC Chairman Gary Gensler privately held a supportive stance towards cryptocurrency! Despite Gensler's public opposition to cryptocurrency, McHenry stated that Gensler's public attitude was influenced by political pressure, particularly related to the Senate and his official role as SEC Chairman.

McHenry further pointed out that Gensler is well aware of the value of digital assets and has had opportunities in the past to promote the industry's development, but chose to stifle it instead. He also accused Gensler of often applying double standards when handling cryptocurrency issues, resulting in a lack of transparency in digital asset regulation, which could hinder technological progress and market confidence.

This statement undoubtedly adds more uncertainty to the future of the cryptocurrency industry. McHenry also added that Gensler's regulatory approach during his tenure will be seen as transforming the once authoritative SEC into an opaque and discredited institution.

This conflict between public and private positions may profoundly impact the future adjustments to the cryptocurrency regulatory framework, and the cryptocurrency industry may thus face unprecedented challenges and opportunities!