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International Business Times
International Business Times
Business
Marvie Basilan

Gary Gensler As Treasury Secretary? Crypto Community United In Pushback Against Idea

Gary Gensler Kamala Harris SEC Crypto Donald Trump the Treasury Department Caitlin Long Binance Polymarket Leo Schwartz
Gary Gensler is a notorious figure in the crypto space due to his years-long crackdown on the industry. (Credit: AFP)

KEY POINTS

  • Washington Reporter first floated the rumor that has since been debunked by an industry executive and a Fortune reporter
  • Even with the rumor being debunked as false, crypto users expressed intense opposition to the notion
  • One user noted that Gensler's 'war' on crypto was a much bigger factor than Democrats could imagine
  • Realio's Derek Boirun insisted the rumor is true until Harris herself clarifies that it's false

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is already a widely disliked figure in the cryptocurrency community, but a new rumor suggesting Vice President Kamala Harris will nominate him as Treasury Secretary if elected has united crypto users to declare a "hard pass."

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