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Former Rep. McHenry Claims SEC’s Gensler Privately Supported Crypto Despite Public Stance
Former Rep. McHenry Claims SEC’s Gensler Privately Supported Crypto Despite Public Stance
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Gary Gensler, former chair of the U.S. Securities and Exchange Commission, privately expressed support for cryptocurrency even as his public actions suggested hostility, according to former Representative Patrick McHenry. The revelation came during a May 13 episode of the "Crypto in America" podcast, where McHenry stated Gensler’s private views were more nuanced than his public rhetoric.
"Nope," McHenry responded when asked if Gensler was as critical of crypto behind closed doors. The discrepancy may stem from political considerations, particularly around Senate confirmation dynamics. Gensler’s tenure at the SEC was marked by aggressive enforcement actions against crypto firms, contrasting sharply with these alleged private sentiments.
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