I just read something interesting about Gary Gensler and his reflections after leaving the SEC leadership. The guy is quite firm that he did the right thing, with no regrets. His main focus has always been clear: protect investors and stop scammers, like what happened with Sam Bankman-Fried.

The curious thing is how everything changed when Trump arrived. The new agency leaders basically shelved most of the lawsuits against crypto companies. Now they say only some tokens really qualify as securities. It’s a pretty radical shift from what Gensler defended.

But here’s where it gets interesting: Gensler still insists on something he considers crucial. He warns that removing quarterly reports would be a serious mistake. According to him, that would reduce market transparency and probably increase volatility. That’s no minor opinion, considering transparency is what keeps some order in the markets.

It’s like seeing two completely different visions of how to regulate the crypto space. On one side, Gensler and his protective approach. On the other, the new leadership that seems to bet on less regulation. We’ll see where all this ends up going.