Crypto exchange Binance sought to hire Gary Gensler as an adviser before he became chairman of the United States Securities and Exchange Commission, according to a Wall Street Journal report based on messages and documents from 2018 and 2020, as well as interviews with former employees.
Gensler, the former chairman of the Commodity Futures Trading Commission, was approached by the crypto firm in 2018 and 2019 while he was teaching at the Massachusetts Institute of Technology, the Journal reported.