The Gensler SEC made up rules as they went along. The new Chair's swift work undoing that overreach is commendable, not scandalous. It's a return to boring discipline over activism. I'll excerpt the most laughable parts so you don't have to read this nonsense. 1/

Because there was a specific and well documented decision inside the Gensler SEC to destroy crypto, why do these reporters find it puzzling that the new SEC had to focus specifically on undoing that harm? 2/

The GOP Commissioners expressed disagreement w/ them *at the time.* 3/

Gosh, I am so sorry that arbitrarily trying to destroy one particular industry will no longer yield multiple 7-figure job offers. Take the hint guys - the stewards of those *failed policies* should move on. 4/

Activists lamenting that "experts" aren't in charge now are showing their cards. 👋 to the Wilsonian admin state & good riddance. Ironically, Gensler and his former chief aren't even lawyers - their background is in central planning and regulatory maximalism, not due process. 5/

Heckuva paragraph buried here: 1) maybe the dismissals were meritorious, and 2) lots of non-donors also got justice? 6/

The reason bureaucrats love regulation by enforcement is because it gives them the ultimate discretion, calling balls and strikes without ever setting rules. That's not how a 4th grade baseball game should run, much less the world's most important financial system. 7/

In its return to the rule of law, this SEC is an upgrade over the last in every conceivable way. 8/8