Great write up. Gary Gensler is just angry with CZ since he didn't give him access to Binance. This two know each other well. They even met for lunch in Japan in 2019. There are videos of Gary's MIT lectures where he talks positively about cryptos. Then to just turn around and call cryptos a scam and sue Binance and coinbase is pretty much hypocritical. He is probably being used by the government.
The US will definitely be left behind by the world if the SEC keeps this up. But then again power will slowly shift from centralized systems to decentralized systems. Centralized systems won't go down without a fight that's why we will continue to see lawsuits and bans on crypto.
Thank you for sharing and do enjoy Sunday ahead :}