{"id":57143,"date":"2025-11-16T16:30:17","date_gmt":"2025-11-16T13:30:17","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=57143"},"modified":"2025-11-16T16:15:14","modified_gmt":"2025-11-16T13:15:14","slug":"did-gary-gensler-want-to-crash-the-crypto-market","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/did-gary-gensler-want-to-crash-the-crypto-market\/","title":{"rendered":"Did Gary Gensler Want to Crash the Crypto Market?"},"content":{"rendered":"<p>Former U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has long been criticized for the traces he left in the crypto market. Especially in recent days, many claims have emerged on this topic. It is alleged that Gensler tried to weaken the crypto market under \u201c<strong>Secret Strategies<\/strong>\u201d and even that he might have been involved in a private agreement with FTX founder Sam Bankman-Fried (SBF), one of the causes of the major collapse.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/did-gary-gensler-want-to-crash-the-crypto-market\/#What_Are_the_Claims\" title=\"What Are the Claims?\">What Are the Claims?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/did-gary-gensler-want-to-crash-the-crypto-market\/#Could_Gary_Gensler_Have_Done_This\" title=\"Could Gary Gensler Have Done This?\">Could Gary Gensler Have Done This?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_the_Claims\"><\/span>What Are the Claims?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li data-start=\"816\" data-end=\"1210\">\n<p data-start=\"819\" data-end=\"1210\">Sam Bankman-Fried and Bobby Adams Meeting<br data-start=\"845\" data-end=\"848\" \/>According to the claim, a meeting took place between SBF and Bobby Adams prior to the FTX era. If you are wondering who Bobby Adams is, he is a player in the crypto sector. In the meeting, it was mentioned that SEC Chairman Gensler was planning to classify major cryptocurrencies, including Bitcoin and Ethereum, as \u201csecurities.\u201d If this plan had been realized, it would have imposed a heavy burden on the crypto market. The outcome would have been a significantly broad and comprehensive authority for the SEC over the crypto market.<\/p>\n<\/li>\n<li data-start=\"1212\" data-end=\"1534\">\n<p data-start=\"1215\" data-end=\"1534\">Making FTX a Leader Through a Single License<br data-start=\"1240\" data-end=\"1243\" \/>The situation had become so intense that the push for everything to be done through FTX grew stronger every day. There was a plan in place, which aimed for FTX to legally dominate all crypto trading in the U.S. What did this plan entail? It was actually quite clear: FTX would obtain the sole brokerage license, and the ongoing institution associated with SBF would receive the exclusive exchange license. Thanks to this arrangement, virtually all legal crypto trading in the U.S. would have been conducted exclusively through FTX.<\/p>\n<\/li>\n<li data-start=\"1536\" data-end=\"1845\">\n<p data-start=\"1539\" data-end=\"1845\">Was There Really a Plan to Collapse the Sector?<br data-start=\"1588\" data-end=\"1591\" \/>According to Bobby Adams, SBF was engaged in very deep discussions with Gensler. SBF wanted the SEC to have full control over BTC and ETH in exchange for dominating the U.S. market. Before the major collapse, SBF asked Bobby Adams to support regulations that could harm the crypto market. However, Bobby Adams opposed and did not support this initiative requested by SBF.<\/p>\n<\/li>\n<li data-start=\"1847\" data-end=\"2099\">\n<p data-start=\"1850\" data-end=\"2099\">Did the FTX Collapse Foil Gensler&#8217;s Plan?<br data-start=\"1893\" data-end=\"1896\" \/>Ironically, Bobby Adams notes that the collapse of FTX ended up benefiting the crypto market, preventing the plan from being executed. According to him, if FTX had remained operational, the SEC\u2019s aggressive control plan could have been implemented much more easily.<\/p>\n<\/li>\n<\/ol>\n<p>This article will also catch your attention:\u00a0<em><strong><a href=\"https:\/\/coinengineer.net\/blog\/top-gainers-losers-and-trending-crypto-today\/\">Today&#8217;s Top Gainers, Losers, and Trending Crypto Coins!<\/a><\/strong><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Could_Gary_Gensler_Have_Done_This\"><\/span>Could Gary Gensler Have Done This?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The claims are indeed significant. However, considering the crypto market is a vast sector, the possibility of such an operation cannot be entirely dismissed. Looking back at Gensler&#8217;s past public statements, there are clear contradictions. For example:<\/p>\n<ul>\n<li>Gensler repeatedly stated that Bitcoin is not a security. In a 2018 speech, he mentioned that Bitcoin, Ethereum, Litecoin, and Bitcoin Cash are not securities.<\/li>\n<li>Emphasizing investor protection, the SEC&#8217;s objective has always been to eliminate illegal and unregistered token projects.<\/li>\n<li>In a recent interview, Gensler stated, \u201cThe SEC has never classified BTC and ETH as securities.\u201d<\/li>\n<\/ul>\n<p>Gary Gensler\u2019s stance contradicts all the claims made by Bobby Adams. However, these claims have not yet been officially refuted.<\/p>\n<p>For the latest breaking crypto news,\u00a0<a href=\"https:\/\/t.me\/coinmuhendisihaber\" data-darkmysite_preserved_bg=\"rgb(16, 18, 19)\" data-darkmysite_preserved_color=\"rgb(254, 216, 43)\">click here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has long been criticized for the traces he left in the crypto market. Especially in recent days, many claims have emerged on this topic. It is alleged that Gensler tried to weaken the crypto market under \u201cSecret Strategies\u201d and even that he might have been<\/p>\n","protected":false},"author":13,"featured_media":32370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[61,25673,840,6033,58,105,1391,839,1395,39],"class_list":["post-57143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin","tag-bobby-adams","tag-crypto-market","tag-crypto-regulation","tag-cryptocurrency","tag-ethereum","tag-ftx-collapse","tag-gary-gensler","tag-sam-bankman-fried","tag-sec"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Did Gary Gensler Want to Crash the Crypto Market? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Former U.S. Securities and Exchange Commission chairman Gary Gensler has long been criticized for the mark he left on the crypto market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/did-gary-gensler-want-to-crash-the-crypto-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Did Gary Gensler Want to Crash the Crypto Market? 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