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Insiders: Former SEC Chairman Gensler's private attitude towards encryption is "much more moderate" and has contributed to the concept of Airdrop.
On May 14, according to financefeeds, former House Financial Services Committee Chairman Patrick McHenry stated that former SEC ( Chairman Gary Gensler has a much more moderate attitude towards digital assets in private than in public. Patrick McHenry mentioned on the "American Crypto" podcast that in private discussions, Gensler expressed appreciation for the potential of Blockchain and digital assets — a stark contrast to his aggressive regulatory stance during his leadership at the SEC. McHenry recalled that Gensler often mentioned his time at MIT, where he taught courses on Blockchain and digital money, recognizing the value of digital assets and understanding blockchain technology. Others who worked with Gensler during his academic career also confirmed this view. Sei Labs General Counsel Gerald Gallagher pointed out that Gensler contributed to the early conceptualization of Token Airdrops — a detail that is rarely mentioned in his public biography.