@delitzer
Crazy thought of the day:
What if Gensler was actually GOOD for crypto?
He certainly seemed like a villain, but:
- He refused to make clear rules that could have sent the industry irreversibly down a bad path, and instead just made things frustrating and slowed the industry’s growth for 4 years
- He pursued scattered enforcement actions on specious legal theories that were repeatedly struck down in court, laying the groundwork for meaningful reform in securities law and market regulation
- Without him, we wouldn’t have seen the industry rally as a potent political force, Selkis wouldn’t have gone Super Saiyan, and Trump wouldn’t have fully embraced crypto as a campaign strategy, leading to the most ungodly bullish setup the industry has ever seen
Maybe Gensler was our Severus Snape?
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