Since last month's collapse of FTX, crypto proponents and their political allies have attempted to deflect blame away from their own actions and pin responsibility on SEC Chair Gary Gensler, who has an impressive track record of standing up for the public's well-being and resisting the corrupting influence of powerful corporate interests.

Economic Liberties' core mission is to support policymakers committed to confronting concentrated economic power and hold them accountable when they don’t. In this case, when it's hard to cut through the spin and finger-pointing, and easy to assume that yet another government agency has put on kid gloves when dealing with powerful corporate interests, we think it's important to set the record straight.

We know that the crypto industry's cynical targeting of Chair Gensler is intended to undermine his ability to hold powerful corporations accountable and further erode the public's trust in government. That's why today, in the wake of FTX's Sam Bankman-Fried's arrest and as the House Financial Services Committee holds a high-profile hearing on the crypto firm's collapse, Economic Liberties is out with a new analysis that sets the record straight — laying out how Gensler’s actions contained the crypto meltdown, protected the real economy, and prevented the industry's scams from taking an even bigger toll on everyday investors.