What are your thoughts on Gary Gensler?

With the SEC filing lawsuits against Binance and Coinbase, its Chairperson, Gary Gensler, has swiftly emerged to become the most vile villain in crypto this year. It was then interesting to note that when he was teaching at the Massachusetts Institute of Technology’s Sloan School of Management back in 2029, he was actually in talks with Binance to explore the possibility of taking on an advisory role for Binance's main company. The talks fell through, but this much is sure: Gary Gensler must have been positive (at least neutral) towards crypto just several years ago.

What caused his drastic shift in attitude? Perhaps he was trying to overcompensate for the collapse of FTX last year. Trying to cover his ass and not have fingers pointing at him for not doing a great job.

The thing is, given that the SEC aims to classify many cryptocurrencies as securities, a move that will likely incur pushback from Coinbase, it seems imminent that this securities-or-not battle will wage on in the courts for years. What do you think is Gary Gensler’ end goal? Do you think he even has a plan or is just making things up as he goes?