SEC chairman Gary Gensler has something that many in Washington often lack: knowledge of the technology he's trying to regulate.

Before joining the SEC, Gary taught a blockchain course at MIT and was seen as a supporter of crypto innovation. But once he got power, he flipped and took an enforcement-first approach.

Gensler previously taught a course called “Blockchain and Money” at MIT, where he made several pro-crypto remarks, including that most cryptocurrencies are not securities.

SEC Commissioner Hester Peirce sat down with Gary Gensler, ex-chairman of the Commodity Futures Trading Commission to discuss the progress of the SEC’s efforts to regulate the cryptocurrency industry.

The video is from Gensler's lecture on "Blockchain and Money" where he discussed ICOs and their legal status. Coinbase CEO Brian Armstrong, reacted to the news of the video with a single-word ...