New Crypto Regulation Era Begins as Gary Gensler Bids Farewell to SEC

Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), ended his tenure on January 20, 2025, after leading the agency since 2021.

In his farewell message, Gensler expressed gratitude for the opportunity to serve alongside SEC staff. His tenure, however, faced significant scrutiny, particularly from the cryptocurrency industry, due to his strict regulatory stance and lack of clear guidelines for crypto projects. While some in the industry hope his departure signals a shift toward more pro-crypto regulation, the SEC has not indicated immediate changes to its approach.

Gensler’s contributions to investor protection and public education were acknowledged by the SEC in their farewell statement.

Clever Robot News Desk 22^th January 2025