If Gary Gensler actually does resign:

1. He’s being black mailed about FTX

2. He’s under pressure from Blackrock

3. He feels negligent in his actions

I think it’s important to note that Gensler is tough on crypto as a whole but somewhat fair regarding #BTC

A few more points👇

If he is disrupted from completing proper SEC action against the crypto industry it would be a disservice to Bitcoin. Years of waiting would go wasted and a new potential regulator could fill his shoes with much more leniency towards the system.

I am in no way a Gensler Fan Boy but his actions towards unregulated securities and crypto Ponzis in the last few months has been the appropriate behavior in my opinion. Prior to the last few months he has had questionable relationships (ie SBF from FTX).

Hard to say if this news is true but I’d say it’s a much better scenario is Gensler stays Chairman or we could potentially see a continuation of the crypto nightmare that has negatively associated itself with Bitcoin.

What do you think?