If interested, here's the course Gary Gensler taught on "blockchain and money" before becoming SEC chair - https://ocw.mit.edu/courses/sloan-school-of-management/15-s1...

The last lecture especially gives a sense of how he's thinking through things.

The media can spin his statements either way: https://news.ycombinator.com/item?id=28056559

It's a bit of a clown land

1636 someone says I think tulips are real and maybe people might like them? Really cutting edge opinions.

And I know there was no tulips mania, just a few weirdos who paid a lot to be popular. Because tulips were cool and stayed cool.

Regulatory capture is real.