Gary Gensler, the former chairman of the U.S. Securities and Exchange Commission (SEC), had a clear and strict philosophy: Altcoins should be treated exactly like publicly listed companies — subject to oversight, auditing, and transparent disclosure — because in the end, they are projects run by teams and investment funds, not truly decentralized entities as they claim to be.
At that time, the entire crypto community saw him as the “enemy of decentralization” and fiercely opposed him… But as time passed — and after all the chaos, scams, and fraud we’ve witnessed 😂🔥 — we realized that the man was right from the very beginning.