Gary Gensler

The SEC has withdrawn over a dozen proposed Biden-era rules, including key measures targeting DeFi and crypto custody—marking a shift away from Gary Gensler’s regulatory agenda and raising new questions about the future of US crypto oversight

The SEC dropped its lawsuit against Binance after nearly three years of legal action over alleged securities violations. The case was closed as the new SEC leadership began easing its stance on crypto regulation.

Gary Gensler criticised Trump’s tariffs as harmful to the U.S. economy and warned that trade tensions with China could worsen. He also said most cryptocurrencies, except Bitcoin, are risky and based on hype, not real value.

SEC Chair nominee Paul Atkins faced little crypto scrutiny during his Senate hearing, signalling potential regulatory progress. However, concerns remain over conflicts linked to the Trump family’s crypto ventures.

Senator Bernie Moreno criticised former SEC Chairman Gary Gensler, calling him "one of the stupidest people in government" during a hearing. Gensler's departure followed Trump’s promise to remove him, amid frustrations in the crypto community over his aggressive regulatory stance.

Paul Atkins, Trump’s SEC Chair nominee, faces a Senate confirmation hearing on 27 March, where lawmakers must rigourously evaluate his regulatory vision.

Trump claimed to have ended Biden’s anti-Bitcoin stance, vowing to make the US a crypto leader and crediting Bitcoin’s record highs to his commitment.

Led by Commissioner Hester Peirce, the new crypto task force seeks to resolve regulatory ambiguity, focusing on defining digital assets as securities and enhancing transparency. With the SEC’s stance shifting post-Gensler, can this initiative truly end years of uncertainty?

Gary Gensler has officially concluded his four-year term as the Chairman of the Securities and Exchange Commission (SEC), a role he has taken on since 2021. During his tenure, Gensler spearheaded regulatory changes aimed at bolstering market integrity, improving corporate governance, and safeguarding investor interests.

With Gary Gensler out as SEC Chair, the crypto industry celebrates. President Trump has named Commissioner Mark Uyeda as acting chair until Paul Atkins is confirmed by the Senate.