Prediction #11: Gary Gensler Will Remain at the SEC and Begin to Receive the Respect and Admiration That He Rightfully Deserves
So just to review: First, in March, 2022, Emmer leads the war on Gensler, scolding him for the SEC’s aggressive investigations of crypto firms and alleging that the SEC was violating the Paperwork Reduction Act because its subpoenas for documents are too broad. Now, in November, 2022, after the FTX disaster, Emmer leads a second war on Gensler, this time scolding him for the SEC’s failure to investigate crypto firms. Yes, Emmer’s hypocrisy knows no bounds, but it also bleakly underscores Gensler’s conundrum – no matter what Gensler does regarding crypto, the Big Crypto cartel will condemn him.
But that will change in 2023. Yes, there will always be Gensler naysayers and haters. However, during 2023, people will begin to understand that Gensler’s SEC crypto-enforcement program and crypto-track record stands out above all others. Moreover, despite the SEC’s function as a mere civil agency, with no criminal authority of any kind, commentators will begin to see that Gensler’s SEC has been remarkably effective in its crypto-enforcement efforts.
‘Enforcement 40’ for 2020
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