Former SEC Chair Gary Gensler’s public stance on cryptocurrency was a departure from his private views, according to former US Representative Patrick McHenry. McHenry revealed that during conversations with Gensler, the latter expressed nuanced understanding of digital assets and acknowledged blockchain technology’s potential. This contrasts sharply with Gensler’s hardline approach as SEC chair, leading to significant industry backlash. McHenry suggests that Gensler’s harsh public stance may have been influenced by Senate confirmation dynamics rather than personal conviction. Meanwhile, senators Cynthia Lummis and Bernie Moreno are urging the Treasury Department to revise corporate crypto tax rules, arguing it would foster US competitiveness in the digital finance space. The duo believes easing unrealized gains taxation would provide relief to companies invested in crypto assets. Concerns over privacy also abound as Worldcoin project faces scrutiny in the U.S., with critics highlighting the potential for biometric data misuse and lack of clear consent mechanisms. Despite challenges, Worldcoin aims to expand in the U.S. while navigating a patchwork of state-level regulations on biometrics.