Securities and Exchange Commission (SEC) Chair Gary Gensler is in the midst of a relentless crusade against the American digital asset industry. Despite the industry’s repeated calls for the SEC to issue clarifying rulemaking and guidance, the laws governing digital assets remain unacceptably opaque. The SEC’s recent strikes against leading companies such as Coinbase make it clearer than ever that Chair Gensler’s goal is to make crypto illegal in America. With such clear bias, and such dereliction of the basic tenets of due process, the agency cannot fairly supervise the digital assets industry.
This is why it’s time for Chair Gensler to recuse himself from any further decisions related to SEC enforcement of the American digital assets industry.
