Gary

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 A post on X by Securities and Exchange Commission (SEC) Chair Gary Gensler went viral after it appeared to announce his resignation, prompting 1.6 million views and much disappointment among the crypto community.&nbsp;
 “It’s been an honor to serve as Chair,” Gensler said in an April. 17 X post. “Over the past 3 years, I’ve seen firsthand how the incredible staff at the SEC serve investors and issuers alike.”&nbsp;
 Gensler, much hated in the crypto community because of his regulation-by-enforcement strategy, continued by outlining many of his achievements in cracking down on malpractices and claiming to have made markets more efficient.
 But hopes that it was a resignation note were then crushed by the punch line, ”And we’re not done.”
 X user David “JoelKatz” Schwartz said, ”Don’t tease me like that,” while @DefiIgnas said, ”Thought it was a resignation thread! What a disappointment.”
 <h2 id="span-style-font-weight-400-gary-gensler-created-a-legendary-troll-thread-span">Gary Gensler Created A “Legendary” Troll Thread</h2>
 But some in the crypto space applauded Gensler for creating a “legendary and respectable troll thread.” The post was an intentional effort to taunt the community, given his “seeming penchant for trolling,” Bloomberg Litigation Analyst Elliott Stein said.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 This really does feel like a resignation tweet at first, but then it's clearly not. Gotta think that was intentional, given Gensler's seeming penchant for trolling. https://t.co/gK2TxTZKZo
 — Elliott Z. Stein (@NYCStein) April 17, 2024
 </blockquote>
 
 Under his leadership, the SEC filed over 2,000 enforcement actions that have resulted in $6 billion in civil penalties and $6 billion in disgorgement, Gensler said in the thread.
 <img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%200%200'%3E%3C/svg%3E" alt="Gary Gensler Confirmed As SEC Chair—Here's What To Expect From The Goldman Banker And Crypto Professor" data-lazy-src="https://cdn.thebittimes.com/images/2024/04/18/f2ea487f0a3dabcc7b0b1c5e63f223db.webp">
 <noscript><img decoding="async" src="https://cdn.thebittimes.com/images/2024/04/18/f2ea487f0a3dabcc7b0b1c5e63f223db.webp" alt="Gary Gensler Confirmed As SEC Chair—Here's What To Expect From The Goldman Banker And Crypto Professor">
 </noscript>
 <h2 id="span-style-font-weight-400-sec-chair-criticized-for-his-aggressive-approach-to-regulating-the-crypto-space-span">SEC Chair Criticized For His Aggressive Approach To Regulating The Crypto Space</h2>
 Crypto-related enforcement actions by the SEC reached a 10-year high under Gensler’s leadership, with 46 actions against crypto firms in 2023. US crypto industry executives and some lawmakers have criticized Gensler for his aggressive approach.&nbsp;
 Republican lawmakers chastised him in a Feb. 7 letter, and called the SEC’s handling of a recent case against DEBT Box “unethical and unprofessional. This was after the SEC “undermined the integrity of the proceedings” when it made “materially false and misleading representations.”
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 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/sec-chair-gary-gensler-s-resignation-troll-on-x-goes-viral-with-1-6-million-views-but-he-s-not-done-yet-tbt85674.html">https://thebittimes.com/sec-chair-gary-gensler-s-resignation-troll-on-x-goes-viral-with-1-6-million-views-but-he-s-not-done-yet-tbt85674.html</a>
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SEC Chair Gary Gensler’s Resignation Troll On X Goes Viral With 1.6 Million Views, But He’s Not Done Yet

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