The ongoing debate over cryptocurrency regulation has intensified, centering on SEC Chair Gary Gensler. A significant point of contention is that one of the largest cryptocurrency exchanges has requested increased regulatory oversight. However, Gensler, who has previously characterized the crypto industry as rife with scams and fraud, has reportedly declined this request. Critics argue that this refusal is absurd, especially given the industry's call for clearer regulations. Furthermore, there are concerns that the SEC is not only resisting new regulations but also actively undermining legislative efforts aimed at establishing a regulatory framework for cryptocurrencies. Some commentators note that Gensler maintains that existing regulations are adequate, which has led to further frustration within the crypto community.