After Gary Gensler announced his decision to step down as the SEC chair, the crypto community breathed a collective sigh of relief. Gensler’s tenure was marked by a relentless crackdown on digital assets companies, which many in the industry saw as damaging and unfair.
Throughout his time at the helm of the U.S. securities regulator, Gensler failed to provide clear guidance to crypto companies seeking to operate within the bounds of the law. Instead, it often appeared that he and his ally, Senator Elizabeth Warren, were intent on stifling the growth of the crypto industry.
For many in the crypto community, Gensler’s departure is a welcome development. With new leadership at the SEC, there is hope that the industry will finally receive the fair treatment and regulatory clarity it deserves.
