Gensler’s tough cop routine, which to some extent is precisely the point of this crusade against crypto, cannot be abandoned. That would signal weakness, and weakness is political death. The more likely play of a masterful political operator, which the chair undoubtedly is, is to double down on enforcement and, by doing so, demonstrate strength to all those who might otherwise question whether his strategy and style might be the problem.
Ripple’s Legal Win Means It’s Time for Crypto to Stand Up to the SEC
