SEC Chair Gary Gensler's Contradictory Stance on Algorand and Crypto Regulation

A video of SEC Chairman Gary Gensler praising smart contract platform Algorand (ALGO) from 2019 has resurfaced on Twitter after the SEC declared ALGO an unregistered security. Gensler referred to Algorand as a "great technology" and contemplated whether it could integrate an Uber or Lyft-like application on its platform. Critics have called out Gensler for apparent hypocrisy and "shilling" ALGO. Gensler is expected to be questioned over his Algorand comments in his upcoming testimony before the U.S. House Committee on Financial Services.