Chair

Gary

A post on X by Securities and Exchange Commission (SEC) Chair Gary Gensler went viral after it appeared to announce his resignation, prompting 1.6 million views and much disappointment among the crypto community.&nbsp; 
“It’s been an honor to serve as Chair,” Gensler said in an April. 17 <a href="https://twitter.com/GaryGensler/status/1780685461020663888">X post</a>. “Over the past 3 years, I’ve seen firsthand how the incredible staff at the SEC serve investors and issuers alike.”&nbsp; 
Gensler, much hated in the crypto community because of his regulation-by-enforcement strategy, continued by outlining many of his achievements in cracking down on malpractices and claiming to have made markets more efficient. 
But hopes that it was a resignation note were then crushed by the punch line, ”And we’re not done.” 
X user David “JoelKatz” Schwartz said, ”Don’t tease me like that,” while @DefiIgnas said, ”Thought it was a resignation thread! What a disappointment.” 
<h2 id="span-style-font-weight-400-gary-gensler-created-a-legendary-troll-thread-span">Gary Gensler Created A “Legendary” Troll Thread</h2> 
But crypto trader Jordan Fish applauded Gensler for creating a “legendary and respectable troll thread.” 
The post was an intentional effort to taunt the community, given his “seeming penchant for trolling,” Bloomberg Litigation Analyst Elliott Stein said. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 This really does feel like a resignation tweet at first, but then it's clearly not. Gotta think that was intentional, given Gensler's seeming penchant for trolling. <a href="https://t.co/gK2TxTZKZo">https://t.co/gK2TxTZKZo</a> 
 — Elliott Z. Stein (@NYCStein) <a href="https://twitter.com/NYCStein/status/1780696368991920146?ref_src=twsrc%5Etfw">April 17, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Under his leadership, the <a href="https://insidebitcoins.com/news/us-senators-urge-sec-chair-gary-gensler-to-halt-crypto-etf-approvals-over-enormous-risks">SEC</a> filed over 2,000 enforcement actions that have resulted in $6 billion in civil penalties and $6 billion in disgorgement, Gensler said in the thread. 
<img decoding="async" src="https://imageio.forbes.com/specials-images/imageserve/6074bdd1ea759ed44feace8d/0x0.jpg?format=jpg&amp;crop=3000,1687,x0,y55,safe&amp;height=900&amp;width=1600&amp;fit=bounds" alt="Gary Gensler Confirmed As SEC Chair—Here's What To Expect From The Goldman Banker And Crypto Professor"> 
<h2 id="span-style-font-weight-400-sec-chair-criticized-for-his-aggressive-approach-to-regulating-the-crypto-space-span">SEC Chair Criticized For His Aggressive Approach To Regulating The Crypto Space</h2> 
Crypto-related enforcement actions by the SEC reached a 10-year high under Gensler’s leadership, with 46 actions against crypto firms in 2023. US crypto industry executives and some lawmakers have criticized Gensler for his aggressive approach.&nbsp; 
<a href="https://insidebitcoins.com/news/u-s-senators-chastise-the-sec-in-letter-to-gary-gensler-citing-unethical-and-unprofessional-handling-of-debt-box-case">Republican lawmakers chastised him</a> in a Feb. 7 <a href="https://www.vance.senate.gov/wp-content/uploads/2024/02/bcEg.pdf">letter</a>, and called the SEC’s handling of a recent case against DEBT Box “unethical and unprofessional. This was after the SEC “undermined the integrity of the proceedings” when it made “materially false and misleading representations.” 
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SEC Chair Gary Gensler’s Resignation Troll On X Goes Viral With 1.6 Million Views, But He’s Not Done Yet

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