Gary Gensler, who left the SEC in January 2025, showed pride in his regulatory approach to crypto during his stint as Chair.
In a recent interview, Gensler defended his efforts to protect investors in a volatile and speculative crypto industry. He highlighted cases like the Sam Bankman-Fried case to justify harsh action.
Gensler dismissed criticism from some sector players and expressed no remorse, despite the SEC's new leadership overturning some of his initiatives, including easing crypto restrictions and abandoning lawsuits against significant corporations.
Under Gensler, the SEC prioritized investor protection through several enforcement actions. However, the agency's approach has evolved under acting Chair Mark Uyeda and candidate Paul Atkins. Both of them want a lighter regulatory hand.
Recently, the SEC proposed abandoning quarterly financial reporting for US corporations in favor of twice-yearly updates, which Gensler cautioned could increase market volatility. He emphasized that transparency promotes market stability and asked investors to share their thoughts on this shift.
