Insider: Former SEC Chair Gensler's private attitude towards crypto is much "milder," having previously contributed to the airdrop concept

BlockBeats News, May 14th, according to financefeeds, former House Financial Services Committee Chair Patrick McHenry stated that former U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler's private stance on digital assets is much more favorable than his public position.

Patrick McHenry stated on the "U.S. Cryptocurrency" podcast that in private discussions, Gensler has shown appreciation for the potential of blockchain and digital assets — a stark contrast to his aggressive regulatory stance while leading the SEC. McHenry recalled that Gensler often mentioned his time at MIT, where he taught courses on blockchain and digital currencies, and he saw the value of digital assets as well as understood blockchain technology.

Others who have worked with Gensler during his academic career have also confirmed this view. Sei Labs Chief Legal Officer Gerald Gallagher pointed out that Gensler made contributions to the early conceptualization of token airdrops — a detail rarely mentioned in his public biography.