Key Points:
Gary Gensler, the current US Securities and Exchange Commission (SEC) chairman, has been instrumental in shaping the future of blockchain technology. Manta Network co-founder Kenny recently shared that he served as a teaching assistant for Gensler’s CryptoFinance & Blockchain Lab course at MIT’s Sloan School of Management in 2019.
During that time, Kenny wrote a report on Binance Coin (BNB) that impressed Gensler so much that he sent it to CZ, the CEO of Binance. This interaction between Gensler and CZ inspired Kenny to get more involved in the cryptocurrency space.
Kenny’s experience as Gensler’s student and teaching assistant gave him a unique perspective on the potential of blockchain technology to foster innovation from regulators and innovators. This experience and his internship in Shanghai hacking on a project around decentralized ID and small businesses led him to build something in web3 alongside friends worldwide.
Despite the recent lawsuits against Binance and Coinbase, Kenny still regards Gensler as a knowledgeable figure in the crypto industry. In Kenny’s opinion, Gensler’s guidance and mentorship were instrumental in shaping his views on the potential of blockchain technology.
As for the fight between SEC and Binance, Coincu recently reported that Changpeng Zhao (CZ) issued an internal letter to Binance’s staff in which he emphasized that Binance will not check chat records.
Previously, the SEC accused Binance of falsely inflating its trading volumes, misappropriating client money, neglecting to ban US consumers from its platform, and deceiving investors about its market surveillance mechanisms.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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