Senator Bernie Moreno recently criticized the former president of the SEC, Gary Gensler, calling him “one of the most stupid people in the government”. Moreno, who drew attention for defeating Elizabeth Warren’s anti-Crypto efforts in Ohio, comments during a recent audience, where he was addressed to Paul Atkins.
In 2024, at a Bitcoin conference, Donald Trump promised that if he was elected, he would smoke people in the first day in power. In November, after Trump won, peopleler decided to resign and announced his resignation. Now, the replacement of peopleler, Mr. Atkins, has been chosen to direct the dry.
Gensler faced criticism for his difficult position on cryptocurrency regulations. Many in the cryptography industry have estimated that its approach was too hard, creating obstacles to growth and innovation. Critics argued that Gensler had not provided clear rules, leaving companies and uncertain investors of what was authorized. Instead of providing advice, its dry focus on application measures, leading to fear and confusion in the sector.
In addition, some people thought that peoplelers were more focused on the protection of traditional financial institutions, such as JPMorgan, of competition posed by cryptocurrencies, rather than the development of the development of cryptographic industry. His treatment of the Ripple affair, in particular, has angry many members of the cryptographic community, which saw it as an unnecessary attack on a project that was pushing for industry growth.
Moreno’s remarks have added fuel to the debates underway within the cryptographic community, many of which considered that the mandate of the dry was too aggressive and poorly aligned by the needs of the increasing digital asset market.