{"id":157030,"date":"2025-05-14T22:00:36","date_gmt":"2025-05-14T19:00:36","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=157030"},"modified":"2025-05-15T09:54:31","modified_gmt":"2025-05-15T06:54:31","slug":"gary-genslers-anti-crypto-crusade-was-all-for-show-according-to-congressman","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/gary-genslers-anti-crypto-crusade-was-all-for-show-according-to-congressman\/","title":{"rendered":"Gary Gensler\u2019s Anti-Crypto Crusade Was All for Show, According to Congressman"},"content":{"rendered":"<p>In a recent podcast appearance, McHenry <strong><a href=\"https:\/\/x.com\/EleanorTerrett\/status\/1922463015296725021?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1922463015296725021%7Ctwgr%5E2b908880d366c1e298b899daa5b5ff6b972c4dd4%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.cryptopolitan.com%2Fformer-sec-gary-gensler-pro-crypto%2F\" target=\"_blank\" rel=\"nofollow\">claimed<\/a><\/strong> that Gensler \u2014 while leading the U.S. Securities and Exchange Commission \u2014 privately acknowledged the value of digital assets and even supported innovations like token airdrops. But publicly, Gensler took a much tougher tone, which McHenry says was driven by pressure from progressive figures in the Senate and the demands of political survival.<\/p>\n<p>McHenry believes this duality distorted crypto regulation and eroded trust in the SEC. He accused Gensler of misleading Congress during hearings on Ethereum\u2019s status, despite the agency allegedly having an internal stance classifying ETH as a security.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/solaxy-smashes-35-million-in-viral-crypto-presale-next-100x-solana-token\/\" title=\"Solaxy Smashes $35 Million in Viral Crypto Presale: Next 100x Solana Token?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/05\/Screenshot-2025-05-14-at-12.13.0-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Solaxy Smashes $35 Million in Viral Crypto Presale: Next 100x Solana Token?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The former lawmaker also criticized Senator Elizabeth Warren\u2019s vocal opposition to crypto, suggesting it\u2019s rooted in ideological bias rather than technical understanding.<\/p>\n<p>Gensler, who will step down in January 2025, has stood by his view that most digital assets violate securities laws. Still, under his leadership, the SEC greenlit spot Bitcoin ETFs, including those from BlackRock, signaling a rare moment of openness amid an otherwise adversarial tenure.<\/p>\n<p>McHenry sees the incoming leadership shift \u2014 with crypto-friendly Paul Atkins set to take over \u2014 as a chance to rebuild a more rational regulatory environment that won\u2019t stifle innovation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to former Congressman Patrick McHenry, Gary Gensler\u2019s hardline stance against crypto was more political theater than personal conviction.<\/p>\n","protected":false},"author":3,"featured_media":37358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-157030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gary Gensler\u2019s Anti-Crypto Crusade Was All for Show, According to Congressman<\/title>\n<meta name=\"description\" content=\"According to former Congressman Patrick McHenry, Gary Gensler\u2019s hardline stance against crypto was more political theater ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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