… in this space to review what went wrong, but also to really lay out the regulatory framework to prevent that from ever occurring in the future. And so these rule, These regulators have to follow the law. The law just wasn't clear in this space. And Gary Gensler, then as chairman of the securities and Exchange Commission, took a really aggressive view against digital assets, against crypto, and against, in my opinion, innovation here in the United States. (16:23–16:29)
CLAIM
Asserts that the law was unclear regarding digital assets, affecting regulatory actions.
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