Gary Gensler should get sued for promoting a security – Gensler promoted Algorand in 2019, which he now alleges is a security.

Gary Gensler, the chairman of the SEC, promoted Algorand in one of his speeches at MIT on April 2019. He said:

Governance is tough. You could create uber or lift on top of a blockchain technology today – well, maybe in 5 years you could, it would have the performance. Silvio Micali's Algorand, who is a turing award winner at MIT that I work with. Silvio has got a great technology that you can create uber on top of it".

https://preview.redd.it/rq63u02st06b1.png?width=1913&format=png&auto=webp&s=2daca497293821ee50b82a5c053d598bc233fad9

There's likely more of these comments.

Now, Gary Gensler said that Binance US sells unregistered securities, including Algorand. So Gary Gensler said positive things about a security to a large crowd, a security owned by his former coworker that he worked with.

https://preview.redd.it/5y9u9ltnu06b1.png?width=1198&format=png&auto=webp&s=11bdf0788aa5ab1bd72a3f0e19aa6fa2884fe817

Jeremy Hogan -the attorney famous for covering the SEC vs. Ripple case- quoted the law that was used to sue Kim Kardashian over the EthereumMax scam. This law is very relevant here:

https://preview.redd.it/b8tbre4yv06b1.png?width=945&format=png&auto=webp&s=00128cf82a6e5920893a18a167339ca6ca721502

So if Gensler was paid directly OR indirectly for this speech by a relevant party, he would definitely be able to get sued for shilling a security.

It would be poetic justice if he shot himself in the foot here and gets a taste of his own medicine.