Insider: Former SEC Chairman Gensler was privately "much more moderate" about cryptocurrencies and contributed to the concept of airdrops

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MarsBit
2 days ago
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Mars Finance News, on May 14, according to financefeeds, former House Financial Services Committee Chairman Patrick McHenry said that former SEC Chairman Gary Gensler's attitude towards digital assets is much more moderate in private discussions compared to his public stance. Patrick McHenry stated in the "American Cryptocurrency" podcast that in private conversations, Gensler expressed appreciation for the potential of blockchain and digital assets—which is in stark contrast to his aggressive regulatory position while leading the SEC. McHenry recalled that Gensler often mentioned his time at MIT, when he taught blockchain and digital currency courses, and he saw the value of digital assets and understood blockchain technology. Others who worked with Gensler during his academic career also confirmed this perspective. Sei Labs' General Counsel Gerald Gallagher pointed out that Gensler contributed to the early conceptualization of token airdrops—a detail rarely mentioned in his public biography.

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