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Coinbase CEO Brian Armstrong to Gensler's previous crypto comments: 'Wow'

Another old video of Gensler lecturing on cryptocurrency at the Massachusetts Institute of Technology gained traction online this week. In the 42-second clip, Gensler said that a wide swath of the crypto market are commodities, not securities.

Years later, the SEC has named a number of crypto tokens as securities in lawsuits under Gensler’s leadership. Coinbase CEO Brian Armstrong, whose company is gearing up to battle the Securities and Exchange Commission in court, reposted the 2018 Gensler clip with a one-word addendum. 

“Wow,” Armstrong wrote in a tweet.

Coinbase Brian Armstrong
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