Gary Gensler resigns

A change in the regulator's leadership may lead to shifts in the approach to digital assets and traditional markets.

A time of change and strict regulation

On January 20, 2025, Gary Gensler will complete nearly four years as the head of the SEC. His tenure will be remembered for tough oversight of cryptocurrencies, which, despite representing less than 1% of the market, became the subject of 18% of all complaints, as well as significant reforms in financial markets.

Reforms and fines

During his leadership, markets worth $83 trillion were reformed, 2,700 cases were initiated, $21 billion in fines were imposed, and $2.7 billion was returned to investors, solidifying his reputation as one of the most active leaders in the regulatory field.

Strict control and controversies

Cryptocurrencies became one of the main targets of the regulator, which conducted investigations into fraud and violations. The approach to this area was criticized for being excessively harsh and for delays in approving spot ETFs. The unresolved Ripple case raises questions about the future strategy in this domain.

Who will be the new SEC chairman?

With the departure of the leader, various candidates are being considered. The new leader will address key tasks, from matters related to new instruments to reforms in traditional markets.

The change in the regulator's leadership may lead to a shift in direction: from easing positions to continuing strict measures. Investors are anticipating a new phase of regulation.