The US Ex-Sec Chair Gary Gensler, who has taken a long stance on cryptocurrency and digital assets, is now in new controversies. Former US Congress member Patrick Mchenry has made a very shocking disclosure in a podcast. He said that the Gensler publicly showed as much sympathy in private meetings as the Gensler publicly appeared. Since this statement, a debate has erupted in the Crypto Community as to whether Gensler’s policies were actually a reflection of his personal views or just the result of political pressure.
While living in MIT, Gensler accepted Crypto’s future
Patrick Mchenry said that when Gensler was teaching in Massachusetts Institute of Generation (MIT), he was the value and value of digital assets and Blockchain generation The power of the power was openly accepted. According to Mchenry, Gensler also said many times in private meetings that the future of cryptocurrency is bright. SEI Labs General Counsel Gerald Gallagher also confirmed that Gensler had contributed to developing the “Aerdrop” concept at academic level, which has now become a common process in web 3.
SEC chair changed as soon as the attitude changed
However, as Gensler was appointed as the chairman of SEC in 2021, his attitude completely changed. He took a strict regulatory stance on the Crypto industry and SEC took action on more than 100 crypto projects and companies during his tenure. Mchenry also reported that the conversation with Gensler was often confused, he would initially agree at a point, but later rejected the same facts.
Due to this harsh policy, he had to face a lot of criticism of Crypto Community. Where in December 2024, the CEO Brian Armstrong of Coinbase announced that the company is ending relations with all law firms that appoint SEC officials associated with Gensler. In January 2025, Gemini also issued a statement saying that he would not hire a mit graduate until Mit Gensler is removed.
Political pressure created a real reason?
Mchenry believes that this opposing stance of Gensler was actually influenced by Senate politics and their confirmation process. He said that gensler publicly Cryptocurrency Was opposing, but privately he understood and accepted it. This may also be a reason that he kept making contradictory statements repeatedly while being the head of SEC.
Conclusion
These information about the Gary Gensler is very important for the Crypto industry. If he was indeed a supporter of Crypto privately, his public policies and strict steps come under question. This also makes it clear that crypto regulation in the US is not only technical or legal matter, but it can also be a political strategies and personal agenda behind it. In the coming time, the role of Gensler will be seen from a new perspective and it may also change the crypto policies.
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