“Former US Congressman Patrick McGenri said that former SEC Geri Gensler chairman in private communication demonstrated a more restrained and reasonable attitude to cryptocurrencies than in public speaking. He told about it in Crypto in America. 🚨Scoop: @patrickmchenry Reveals that Former Sec Chief Gary Gensler Was not as Anti-Crypto in Private As He Was in Public. “I Think It Had More to Do […]”, – WRITE: Businessua.com.ua
Former US Congressman Patrick McGenri stated that a former chairman Sec Gary Gensler in private communication showed a more restrained and reasonable attitude to cryptocurrencies than in public speaking. He told about it in Crypto in America.
🚨Scoop: @patrickmchenry Reveals that Former Sec Chief Gary Gensler Was not as Anti-Crypto in Private As He Was in Public.
“I Think It Had More to Do with Senate Politics, and Confirmation Politics.”
Full Episode with The Former Chair of @financialcmte Out Tomorrow Am! pic.twitter.com/bhw7prlrkg
– Crypto in America (@cryptoamerica_) May 14, 2025
“Did he support the cryptocurrencies privately as criticized in public? No, ”Macgeni answered the question of the presenter.
According to him, during the closed meetings, Genersler recognized the potential of digital assets and blockchain technologies, which he in the time devoted academic research at the Massachuseta Institute of Technology (MIT).
Sei Labs Chief Legal Counsel Gerald Gallahler recalled that the former SEC head was involved in the development of the Airrope Concept, but it remained a “forgotten page of his scientific career.”
After appointing the head of the commission, Gensler sharply changed rhetoric, McGenri stressed.
“I naively believed that he would not be so aggressively pressed on the industry. It disappointed, ”the excregressman confessed.
According to him, the discussion of the regulatory framework was often reduced to contradictory dialogue: initially, the General agreed with the arguments, and subsequently denied them. Macgenri linked this behavior not with a professional position, but with the influence of the Senate and the political lobby.
General left the post of SEC chairman on January 20, 2025 and returned to MIT.
During his leadership, the commission filed more than 100 lawsuits against crypto companies, which caused an open confrontation with the industry. In December 2024, Coinbase stopped cooperation with law firms with former SEC employees.
We’ve let all the law firms we work with know, that if they hire anyone who Committed the Beanone Deeds in the (Soon to Be) Prior Administration, We Will No Longer Be A Client of Theirs.
Senior Partners at these Law Firms Seem Unaware of the Crypto Industry’s Position on this.… Https://t.co/k8r6ntftv1 pic.twitter.com/rt0k408I9f
– Brian Armstrong (@Brian_armstrong) December 3, 2024
And in January 2025, Gemini announced a boycott to MIT graduates as long as the General taught Fintech and Shi there.
As long as @Mit has any association with Gary Gensler, @gemini Will Not Hire Any Graduates from this School. Not Even Interns for Our Summer Intern Program. https://t.co/fi0wmivclp
– Tyler Winklevoss (@tyler) January 30, 2025
We will remind, in April 2025, the Generler stated that the vast majority of cryptocurrencies did not have an economic basis, and called Bitcoin a single cost asset.
Farewell, Gary Gensler! Who was and by whom almost former Sec head became
The gun
Please wait …