PANews
PANews|Mar 12, 2026 11:59
[SBF Account Speaks Out: Gary Gensler Not Only 'Declared War' on the Crypto Industry but Also Privately Pushed to Weaken CFTC Authority] FTX founder SBF's X account posted that former SEC Chairman Gary Gensler not only 'declared war' on the crypto industry during his tenure but also privately worked with Senator Elizabeth Warren in Washington to push for weakening the CFTC's authority, concentrating more regulatory power within the SEC. He also sought to restrict the compliance implementation of crypto businesses by requiring 'licenses that do not actually exist.' SBF pointed out that the new SEC Chairman Paul Atkins, appointed by Trump, is more inclined to only require licenses that exist in reality, aiming to prevent the crypto industry from being caught in the power struggles between U.S. federal regulatory agencies.
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