Crypto Daily – As ($BTC) approaches $100,000, Gary Gensler, chairman of the SEC, and long time opposer of all things crypto, has decided to step down when Donald Trump takes over the U.S. presidency in January. Is operation Chokepoint 2.0 finally at an end?
High hopes when Gensler became SEC chairman
When Gary Gensler was installed as chairman of the Securities and Exchange Commission (SEC) in April 2021, many believed that he would be good for the crypto industry, given that he had taught classes on Blockchain technology and digital currencies at MIT.
However, any sense that Gensler’s reign as the Head of the SEC would be benign, changed rather quickly when he started to show a hostile stance towards crypto, which only became more so as his tenure continued.
A policy of ruling by enforcement actions
Gensler alienated the whole industry by serving Wells notices (notice of an enforcement action) on some of the top crypto exchanges, including Kraken,…
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