The preponderance of evidence, as argued this week by Blockchain Association Chief Policy Officer Jake Chervinsky among others, suggests Gensler’s real goal is to effectively ban crypto in the U.S. In fact, Gensler’s intent or mindstate seem fairly irrelevant – the effects of his and his agency’s actions, if uncontested, could ultimately be the elimination of not just crypto businesses and development, but ultimately even its practical usability by individuals on United States soil.
