The article in its entirety can be reductively seen as a puff piece for Gary Gensler: It aggrandizes the inactivity of the SEC to establish unambiguous rules &

The article in its entirety can be reductively seen as a puff piece for Gary Gensler: It aggrandizes the inactivity of the SEC to establish unambiguous rules & guidelines with regards to cryptocurrency (see their long-drawn & constantly-delaying tactics vs. XRP) as "a good thing", whilst stifling home-grown products that are within the US, consequentially leading to the adoption of off-shore investment schemes not under US jurisdiction. Within the article itself, it spins the SEC's rejection of Coinbase's proposed Lend product as proof of the SEC "doing its job", consequentially forcing people to go off-shore to participate in such lending programs (FTX). https://www.economicliberties.us/our-work/gary-gensler-got-it-right/#:~:text=In%20September%202021%2C%20cryptocurrency%20exchange%20Coinbase%20announced%20plans%20to%20let%20customers%20earn%20interest%20on%20certain%20crypto%20coins%20by%20lending%20them%20to%20third%20parties https://www.economicliberties.us/our-work/gary-gensler-got-i.... The article also paints the industry's opposition towards the overbroad definition of 'exchange' in recent legislation as a positive as well, purposefully ignoring the fact that the expansion of said definition into "communication protocol systems" would include any digital medium where two parties discussed an exchange with each other, effectively meaning all digital platforms altogether. https://www.economicliberties.us/our-work/gary-gensler-got-it-right/#_ftn20:~:text=Predictably%2C%20the%20crypto%20industry%20balked%2C%20and%20exchanges%20submitted%20comments%20to%20the%20agency%20opposing%20the%20rule https://www.economicliberties.us/our-work/gary-gensler-got-i... https://www.axios.com/2022/04/21/crypto-industry-takes-on-secs-proposed-new-exchange-definition https://www.axios.com/2022/04/21/crypto-industry-takes-on-se... https://www.sec.gov/comments/s7-02-22/s70222-20124026-280152.pdf https://www.sec.gov/comments/s7-02-22/s70222-20124026-280152... https://www.sec.gov/rules/proposed/2022/34-94062.pdf https://www.sec.gov/rules/proposed/2022/34-94062.pdf