Why Some Are Frustrated with the Current SEC Chair
Gary Gensler, the current chair, sees most crypto tokens as “securities,” which means they should follow strict rules. But crypto leaders feel this stance is outdated and overly tough. Some, like Ripple’s CEO, even call it a “reign of terror.” Gensler’s critics argue that instead of crushing crypto with rules, the SEC should make guidelines that are clear and allow the industry to develop safely.