- SEC Chair Gensler expresses reluctance to let courts influence his crypto views.
- The crypto community reacts strongly to Gensleer’s statement.
- Some believe Gensler should lose his job for disrespecting the legal system.
In a recent post on X (formerly Twitter), pro-crypto attorney Jeremy Hogan shared a snippet of an interview featuring U.S. Securities and Exchange Commission (SEC) chairman Gary Gensler. In the clip, Gensler expressed that the crypto industry is rife with non-compliance.
When asked whether any court decisions could alter his perspective, Gensler indicated that he would remain unswayed by such prospects. He provided no particular agreement that a court decision would change his perspective about the crypto space. Instead, he hoped for a court decision that would “help bring the compliance soon.”
Expectedly, Gensler’s sentiment prompted wild reactions from the crypto community. An XRP enthusiast questioned the effectiveness of the regulator’s supposed checks and balances. The commenter argued that the SEC chairman would likely maintain his stance even if the U.S. Supreme Court ruled in favor of Ripple in the SEC’s protracted battle against the payment firm.
Attorney Hogan agreed with the sentiment and added that Gensler seems to prefer a world of regulatory “checks and checks.” Moreover, renowned pro-XRP lawyer Bill Morgan joined the discussion and hinted that the final word on crypto regulations may only come when a court decisively rules. The lawyer believes the SEC will continue its regulatory pursuit “until a court says checkmate.”
Similarly, Jim Knox, a crypto investor, expressed stern disapproval at Gensler’s apparent disregard for the legal system in the United States. He pointed out that the SEC chairman’s reluctance to consider the possibility of a court influencing his views is disrespectful to the U.S. judiciary system.
“How can you disrespect judges like that and still be in such a position?” Knox remarked.
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