Crypto Enthusiasts Wrong to Target Gary Gensler By Cointelegraph

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The animosity from across the crypto world centers on Securities and Exchange Commission Chairman Gary Gensler.

Critics claim that he paints cryptocurrencies with too broad a brush. They argue that he turns on well-meaning entrepreneurs by encouraging them to “come in and sign up,” knowing his process is set up for them to fail. They argue that he knows new rules are needed but prefers to apply impractical rules in order to completely stifle the industry. And, of course, under his leadership, the SEC filed a lawsuit against Coinbase (NASDAQ:), arguing that several top coins, including Polygon’s MATIC (MATIC), Solana’s SOL (SOL) and others are securities largely because their issuance involved capital formation. , despite their necessity in the operation of the underlying networks.

Mark Lurie is the co-founder and CEO of Shipyard Software. He is a serial entrepreneur and investor who previously founded two company-backed startups, including Codex, a blockchain-based title registry for art and collectibles used in the offline auction world. He was previously an investor at Bessemer Venture Partners, where his investments included Twilio (NYSE:). He is currently a venture capital partner at FJ Labs and a board member of GMO Trust and the Foundation for Art and Blockchain. He holds an MBA from Harvard Business School and a BA in Economics from Harvard College.

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