Dan Elitzer
@delitzer
Crazy thought of the day: What if Gensler was actually GOOD for crypto? He certainly seemed like a villain, but: - He refused to make clear rules that could have sent the industry irreversibly down a bad path, and instead just made things frustrating and slowed the industry’s growth for 4 years - He pursued scattered enforcement actions on specious legal theories that were repeatedly struck down in court, laying the groundwork for meaningful reform in securities law and market regulation - Without him, we wouldn’t have seen the industry rally as a potent political force, Selkis wouldn’t have gone Super Saiyan, and Trump wouldn’t have fully embraced crypto as a campaign strategy, leading to the most ungodly bullish setup the industry has ever seen Maybe Gensler was our Severus Snape?
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Monteluna
@monteluna
Great for traders who were able to buy the dip on orgs that survived. For builders on teams that needed venture capital and an open investment market he was awful.
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Caster Cat #648 🎩🧾
@ariansh.eth
this is the most entertaining outcome
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EulerLagrange.eth
@eulerlagrange.eth
The Cambrian explosion was preceded by 100 million years of snowball earth.
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Jojo
@callmejojo
I'll be his forever defender, I've watched his full MIT blockchain course, it was one of the best classes i've ever had, he knows what he's talking about, we just don't like some of the things he says when he's right about securities, the way people made quick money breaking some laws etc https://www.youtube.com/watch?v=EH6vE97qIP4
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Rafi
@rafi
Very positive perspective. It probably wasn’t what he intended tho. The battle was lost against forces that no regulators can regulate
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ustas.eth
@ustas
I remember reading a book where the author said something like: when in doubt as to whether a decision is a conscious choice or stupidity, it's most likely the latter. I see another answer in the comments here with Gary's lectures, so if you put memes aside, the decisions may have some reasons, but I believe they will not get any less dumb given the outcome.
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Retrimentum
@retrimentum
The true 4D Chess player. Will be naming my kid after him.
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Aiman Khan
@aimankhan
Good 👍
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