Gary Gensler | Crypto

One of then-presidential candidate Donald Trump‘s campaign promises to the crypto industry was to fire the SEC chair “on day one“ if elected. One year ago Tuesday, Gary Gensler resigned as chair of the US Securities and Exchange Commission (SEC) amid the inauguration of President Donald Trump.  Many in the crypto industry had heavily criticized the former SEC chair for his approach to digital asset regulation and enforcement. Gensler’s position on cryptocurrencies likely contributed to companies like Ripple Labs funding political action committees (PACs) and backing many candidates in the 2024 US elections who had expressed views favorable to the industry and opposing those who didn’t. Shortly after Gensler’s resignation, Trump appointed SEC Commissioner Mark Uyeda as acting chair of the agency. What followed was a complete about-face of SEC policy on digital assets under Gensler, with the dismissal of many yearslong investigations and enforcement actions and the restructuring of the agency’s leadership to in...

The former SEC chair and Paul Atkins, the current head of the agency, both made media appearance this week to address significant policies proposed by US President Donald Trump. In one of his few media appearances since leaving the US Securities and Exchange Commission (SEC) in January, Gary Gensler suggested he had no regrets about his approach to crypto enforcement during his four years at the agency. In a Wednesday interview, CNBC’s Sara Eisen asked the former SEC chair to respond to the agency under Paul Atkins “reversing a lot of what [he] did” regarding crypto policies, saying many investors were “ecstatic” he was no longer heading the commission. Gensler said he was “proud” of his time at the SEC, that he had made the right decisions regarding regulating digital assets, and reiterated his assertions that crypto was a “highly speculative, very risky asset.” Read more

Coinbase filed a federal court motion demanding accountability after the Securities and Exchange Commission (SEC) deleted nearly a year of text messages from former Chair Gary Gensler during the agency’s crypto enforcement campaign. The Sept. 11 filing seeks expedited discovery, sanctions, and immediate production of all responsive communications. An SEC Office of Inspector General report […] The post Coinbase demands SEC accountability after lost Gary Gensler’s text messages episode appeared first on CryptoSlate.