Professor Gensler Gets an F on Crypto

Professor Gensler Gets an F on Crypto
Crypto insiders lauded Gary Gensler’s nomination to chair the Securities and Exchange Commission (SEC) last February. They thought the Massachusetts Institute of Technology professor who had taught blockchain classes would bring an enlightened approach to crypto compared with the scattershot, perplexed style of his predecessor, Jay Clayton.But a year in, the professor gets an F in crypto guidance and leadership. He has encouraged the worst bureaucratic instincts of the federal government, deepened regulatory confusion and thwarted any hope of progress during his tenure – all while claiming the mantle of little-guy defender and public-interest protector.Paul H. Jossey is an adjunct…