Unpopular opinion: Gensler wasn't the bad guy. He understood Bitcoin and he knew the rest were all unregistered securities.
Bitcoiners won't care either way, but if they did, they'd be worse off with a SEC without Gensler.
Why the SEC lost most of those shitcoin lawsuits is a mystery to me. Corruption perhaps?
Gensler understood the problem better than any one of them. but understanding isn’t enforcement.
He called most of crypto “unregistered securities” but still fumbled case after case. Why? The SEC was outgunned, outmaneuvered, or worse. never really trying.
Now, under Trump, it’s not even a fight. It’s open season.
Exactly. He seemed to be pressured to go after the wrong guys by Warren et al on one side and outgunned by crypto lobby and VC's on the other side. And now the scammers are free to take over.
