- This follows from new documents from the lawyers of the exchange
- Gensler participated in negotiations with the top management of the company
- He even got a meeting with Zhao and interviewed him
According to new documents in the case, SEC Chairman Gary Gensler could well be “on the other side of the barricades.” In 2019, he almost became a legal adviser to the exchange. At that time, he was still lecturing and calling cryptocurrency a commodity.
This follows from information provided by lawyers from Gibson & Dunn and Latham & Watkins. They claim that Gary Gensler offered his services several times in conversations with both top management of the exchange and personally with Zhao.
Later that month, March 2019, he secured a meeting with CZ in Japan for lunch. For a while, Gensler and Zhao kept in touch, and the future SEC chairman even interviewed him.
In an addendum to the June 6 lawsuit, the regulator described Changpeng Zhao as a “foreigner” with a penchant for “geographical elusiveness.” Also, the SEC continues to insist that CZ enriched himself using the funds of the platform’s clients.
Recall that before, in March of this year, we covered the publication of the WSJ, which spoke of Gensler’s close connection with Binance. The company allegedly offered him the job twice between 2018 and 2019.
The article does not indicate exactly when the negotiations took place. It is possible that Gensler first resigned the position and then changed his mind. Either he initially applied for the vacancy himself, was refused, and then did not agree, for example, because of wounded pride.