Binance Says Gensler Once Offered to Be an ‘Informal Advisor’

“Mr. Gensler should have been excused from any consideration in this matter based on this history and the likelihood that Mr. Gensler may be a material fact witness,” wrote Binance’s attorney. “To date, staff has never confirmed whether Mr. Gensler recused himself, and if he has not, the commission has not explained why.”