SEC Chairman Gary Gensler’s X resignation troll is going viral with 1.6 million views, but it’s not over yet.

After Securities and Exchange Commission (SEC) Chairman Gary Gensler announced his resignation, a post about

“It has been an honor to serve as chair,” Gensler said in April. 17 X post. “Over the past three years, I have seen firsthand how the SEC’s outstanding staff serves both investors and issuers.”

Gensler, who is much hated in the cryptocurrency community for his enforcement-by-execution regulation strategy, went on to outline his many accomplishments in cracking down on fraud and claiming to have made the market more efficient.

But any hope that it was a resignation letter was dashed by the punchline, “It’s not over yet.”

X user David “JoelKatz” Schwartz said, “Don’t make fun of me like that,” while @DefiIgnas said, “I thought it was a resignation thread!” “I’m really disappointed.”

Gary Gensler created a “legendary” troll thread.

However, cryptocurrency trader Jordan Fish applauded Gensler for creating a “legendary and respected troll thread.”

Bloomberg litigation analyst Elliott Stein said the post was a deliberate effort to taunt the community, given that “he seems to like trolling.”

This actually feels like a resignation tweet at first, but later becomes clear that it isn’t. I have to think it was intentional, since Gensler seemed to enjoy trolling. https://t.co/gK2TxTZKZo

— Elliott Z. Stein (@NYCStein) April 17, 2024

Under his leadership, secretary More than 2,000 enforcement actions have been filed, resulting in $6 billion in civil penalties and $6 billion in clawbacks, Gensler said in the thread.

SEC Chairman Criticized for Aggressive Approach to Regulating Crypto Space

The SEC’s cryptocurrency-related enforcement actions hit a 10-year high under Gensler’s leadership, including 46 actions against cryptocurrency companies in 2023. U.S. cryptocurrency industry executives and some lawmakers have criticized Gensler’s aggressive approach.

Republican lawmakers rebuked him. on February 7th letter, the SEC’s handling of the recent case against DEBT Box was “unethical and unprofessional.” This was after the SEC made “materially false and misleading statements” that “undermined the integrity of the proceedings.”

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