Gary Gensler’s Resignation ‘Troll’ Post Depresses CryptoX
US Securities and Exchange Commission (SEC) Chairman Gary Gensler fooled a few X users by admitting he was resigning from the SEC on Wednesday before saying, “I'm not done.”
“It was an honor to serve as it was. [SEC] chair. Over the past 3 years, I have seen firsthand how the amazing staff at the SEC serve investors and issuers,” Gensler wrote in an April 17 X post.
In the following articles, the SEC reviewed the “more than 2,000 enforcement actions” and regulations that have been completed by the administration, which seems to be approaching the resignation notice.
“And we're not done,” Gensler added, giving one final punch.
According to X Figures, the posts went viral and were viewed more than 1.1 million times.
“A popular and respected troll thread, honestly [in my opinion]writes Jordan Fish, a crypto trader who goes by Kobe.
“This actually sounds like a resignation tweet at first, but it clearly isn't,” wrote Bloomberg litigation analyst Elliott Stein. “I'd have to wonder if Gensler had any interest in driving.”
Scott Johnson, a general partner at Van Buren Capital, said Gensler's posts are “directed.” [number] Enforcement Actions”.
“It was like [Department of Justice/Bureau of Prisons] Highlight the number of arrests. Lack of concentration,” he added.
In the year In 2023, the SEC's crypto-related enforcement actions reached a 10-year high under Gensler's leadership, bringing 46 enforcement actions against crypto companies, more than doubling from 2021.
U.S. crypto industry executives and some lawmakers have said that Gensler will take “coercive regulation” to crypto, saying that Gensler is a guarantor of dozens of cryptocurrencies against crypto companies.
Gensler, for his part, said crypto is rife with scams and scams, and that companies “need to come into compliance.”
The crypto side of X went back to Gensler for the post – in his own way.
Related: Gary Gensler Responds to US Lawmakers on SEC's Fake Bitcoin ETF Tweet
Unofficial crypto Twitter archivist “inversebrah” said the platform's crypto community “scored two healths.” [sic] Ratios already. A ratio is when a response post gets more engagement — such as likes or shares — than the original post to which it responded.
In this instance, Gensler's post received about 1,700 likes, but some responses more than tripled.
US President Joe Biden appointed Gensler as SEC chairman in 2021. Gensler will begin his five-year term on April 17, 2021 and will serve as chairman until April 17, 2026.
But it is common for the SEC chairman to step down if America elects a new president, and Americans are heading to the polls on November 5, 2010, to vote on a possible rematch between Biden and former President Donald Trump.
Magazine: Crypto Regulation – Does SEC Chairman Gary Gensler Have Final Comments?
