In one of his several media displays since leaving the US Securities and Exchange Commission (SEC) in January, Gary Gensler suggested that he have no regrets about his crypto implementation approach during his four years with the agency.
In an interview on Wednesday, CNBC’s Sara Eisen Sara Eisen Question Former SEC chairman to respond to the agency under Paul Atkins has “reversed many (he) about crypto policies, saying that many investors” ecstatic “will no longer go to the commission.
Gensler said he was “proud of” his time in the SEC, that he made the right decisions about regulating digital possessions, and re -stated his considerations that crypto is a “highly speculative, very dangerous possession.”
“We’re constantly trying to ensure for investor protection,” Gensler said, regarding actions that implemented the SEC against crypto companies while he was seated. “And in the middle of it, we have a lot of fraud: look at Sam Bankman-frying, and he’s not alone.”
Gensler left the SEC on January 20, the day of US president Donald Trump was in charge. During his 2024 campaign, Trump threatened to burn Gensler “the day one” if elected. After leaving the office, Gensler returned to a teaching position at the MIT Sloan School of Management.
Related: The SEC Chair promises notice before implementation for Crypto businesses: FT
Many in the crypto industry criticize the former SEC seat for obtaining a regulation-by implementing the approach to digital assets, resulting in suits against many high-profile companies. Some of the cases fell in 2025 in the direction of the SEC under Trump.
Trump suggested that the SEC requirements leave reports for quarterly report
While Gensler served as the SEC chair from 2021 to 2025, amid the collapse of the Crypto market, massive fraud by the Cryptocurrency Exchange FTX, and many companies filed for losses, the agency under Trump has radically changed its approach.
In addition to the suits and investigations against many crypto companies lowered by the SEC Chair Mark Uyeda’s presence before the Senate Confirmation of Atkins, the agency’s leadership lost to say “Very few tokens are security” and introduce streamlined standards on the list for funding approval of the cryptocurrency fund.
With what could be one of the most significant changes to the SEC policy to affect investors, Trump said on Monday that the agency should abandon quarterly reporting requirements for US companies, rather than switching to a twice-a-year model.
Atkins Says On Friday the SEC will “consider that and move forward” after a proposed rule change.
“For the sake of shareholders and public companies, the market can decide what the proper purity is,” Atkins said.
“I think if the investor’s base, the purchase part, wants to keep it, they need to speak,” Gensler said on Wednesday about the proposed change. “For me, I think transparency helps markets. If we only go twice a year instead of four times a year reporting, the markets will be more and more.”
Magazine: SEC U-Turn to Crypto leaves key questions that are not answered
