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July 14, 2023

Timi Iwayemi

Hack WatchNewsletter

cryptocurrencyEthics in GovernmentFinancial Regulation

The Crypto Industry Thinks Gary Gensler Should Recuse Himself From Enforcement Actions.

If we were to agree to the industry’s demand that policy experts should be precluded from regulating issues they have spent significant amounts of time developing expertise in, we would be setting a precedent that severely undermines any kind of public-minded enforcement. In fact, banning experts such as Gensler would leave the public with a pool of potential regulators who are either already corporate-aligned or unqualified to adequately opine on pressing issues.