What makes Gensler so confident he's going to succeed where others have failed? China banned crypto a few times. Evidently, it's still not banned enough to stop people from using it.[1]

This isn't the first time a government has tried to squash cryptocurrencies. For most of the people interested in the technology, this is just another mile marker on a 10+ year long journey. I'll place my bets on the cryptocurrency folks. After all, they have more experience subverting far more totalitarian regimes than the power-hungry bureaucrats at the SEC understand.

This crusade against crypto feels like the DEA's war on drugs: to perpetuate the existence of a self-licking ice cream cone.

[1]: https://www.weforum.org/agenda/2021/01/cryptocurrencies-are-...