A serious claim has been made about Gary Gensler, chairman of the American Securities and Exchange Commission (SEC). Binance exchange’s lawyers claim that Gensler had previously wanted to work with the exchange in his statement to the court.
The news, which fell like a bomb in the crypto press hours ago, garnered a great reaction on social media. Lawyers at law firm Gibson Dunn and Latham & Watkins, SEC stated that its chairman has applied to become a Binance advisor.
According to lawyers, Gensler, Binance founder Changpeng Zhao met in Japan. In the meeting held in 2019, the chairman of the commission offered services for consultancy. Alleged sources wrote that contact between the SEC chairman and CZ continued until 2021. The job interview ended after Gary Gensler became chairman of the Securities and Exchange Commission.
According to the chronological review, the SEC Chairman was teaching at a university at the time he met with Binance. According to former students, Gensler kept cryptocurrencies out of the securities class in his lectures.
Great Reaction on Social Media!
After the claim reflected in the media, crypto lovers reacted strongly to Gensler on social media. Investors find it meaningless why the SEC chairman is going after a company with which he had a job interview before.
The Securities and Exchange Commission SEC has been putting a lot of pressure on the Binance exchange, especially since the beginning of 2023. Repeated investigations by the American government agency are on the agenda of crypto investors. The SEC sent a new subpoena to Binance founder Changpeng Zhao earlier this week.
Gensler made a statement last year that the Binance exchange was operating illegally in the country. The controversial president defines cryptocurrencies as a security.
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