Recently, Gary Gensler started rambling on Bloomberg again, still the same rhetoric - saying that the crypto industry is full of bad people. To be honest, it's getting annoying to listen to.

He mentioned that the SEC, under his leadership, has conducted nearly 100 enforcement actions, more than the 80 that his predecessor, Jay Clayton, did.

However, the funniest part is that he said the crypto market "relies entirely on speculation," claiming that in his 40 years of financial experience, he has never seen an industry so dependent on emotion rather than fundamentals. It sounds like... as if we didn't already know this the first time we heard it...

Coinbase's Chief Legal Officer, Paul Grewal, couldn't stand it anymore and directly criticized Gensler, saying that this kind of arrogant attitude has alienated voters in swing states. Under Gensler's leadership, the SEC has consistently targeted major platforms like Binance and Coinbase; according to the Blockchain Association, just the lawsuits alone have cost the industry over $400 million.

However, the good news is that Gensler is about to step down soon, leaving on January 20. Consider this a New Year's gift for the crypto community, damn. $BTC