Gary Gensler’s Rocky Relationship with the Crypto Industry, What Could Happen Next

Gary Gensler’s tenure as the Securities and Exchange Commission’s (SEC) chair is drawing to a turbulent and unexpected close. His time was marked by numerous battles with the cryptocurrency industry as the SEC pursued a flurry of enforcement actions and lawsuits against U.S.-based companies.

Gensler, who once lectured on blockchain and digital assets at MIT, often labeled the cryptocurrency sector as a “Wild West” full of scammers. His approach to regulation earned him staunch critics, with…

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