Wall Street Tried to Kill Crypto — Now They Want to Own It

Photo by Redd Francisco on Unsplash

Gary Gensler did his damage and walked away. He spent years kneecapping crypto, treating everyday investors like scammers while letting Wall Street rinse and repeat the same predatory schemes. Then, when he was done wrecking an industry, he retired to MIT, where he now sits in some quiet corner of a building, supposedly “leading” innovation in digital assets. Right. The only thing he ever innovated was how fast he could issue a Wells Notice.

And now, one by one, those Wells Notices are getting tossed out by the new administration — confirming what we all knew. Gensler and his crew weren’t protecting anyone. They were playing favorites, making sure crypto stayed outside the system while the real sharks — his buddies at the big banks and hedge funds — kept their hands clean.

Coinbase knows this all too well. No company has had to fight harder for legitimacy. While Wall Street dismissed crypto as a joke, Coinbase built the infrastructure. They weren’t looking for permission from people like Gensler or Ken Griffin — they just built. And when they needed clarity…