Gensler Gets Crypto but He Might not Agree with it
Too Long; Didn't Read
This week has been another gloomy week in crypto. Binance Chain got hacked for 9 figures, four DeFi exploits in the past day alone with Mango Market’s $100M exploit being the highlight. Gary Gensler is dangerous because he “gets” crypto, but he might not be fully on board with the ideology that it holds. The most dangerous enemy is sometimes the one that's closest to you, he says. In this piece, we break down why crypto won't be a boring industry that gets regulated down.