CoinDesk: Gary Gensler Failed the U.S. Crypto Industry, and So Has Congress
28 Jun

In Paolo Tasca's opinion piece for CoinDesk, he critiques the approach of Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), towards the cryptocurrency industry. Tasca argues that Gensler’s scrutiny and stringent stance, particularly on prominent exchanges like Coinbase and Binance, are seemingly disproportionate, focusing 90% of his efforts on a sector responsible for just 10% of financial scams. The actions of Gensler are leading to significant repercussions, with major crypto platforms and ventures vacating the U.S., potentially causing substantial economic ramifications. Tasca emphasises the necessity for modernised regulatory frameworks that are adept at navigating the complexities of emergent digital technologies and highlights the wider governmental shortcomings in acknowledging the revolutionary impact of blockchain on finance.


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