Crypto's Future at SEC: Gensler's Exit and Trump's Potential Picks
The SEC's aggressive regulatory actions against the crypto industry under Chair Gary Gensler have cost American companies over $400 million in legal fees, with little to show for it besides courtroom defeats and damaged credibility. Recent polls indicate that voters prefer Congress to establish clear crypto regulations, rather than unelected regulators. As Gensler's tenure nears its end, further enforcement actions could harm the SEC's reputation and waste resources. The crypto industry advocates for comprehensive legislation through proper channels, emphasizing the need for regulatory clarity to foster innovation and protect consumers.
