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Gary Gensler's Final Call for Crypto Industry to Align with Rules

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5 hours ago

SEC Chair Gary Gensler spoke at a conference urging crypto actors to comply with federal policies.

Speech at Securities Regulation Conference

Gary Gensler, speaking at the annual Securities Regulation conference, urged crypto actors to adopt compliance and disclosure practices. He reiterated that most of the over 10,000 cryptocurrencies are securities, explicitly excluding only Bitcoin, Ethereum, and stablecoin.

It’s been a great honor to serve with them, doing the people’s work and ensuring that our capital markets remain the best in the world.Gary Gensler, SEC Chair

Potential Changes in SEC Leadership

The event discussed potential changes in SEC leadership due to Donald Trump's win over Kamala Harris, with Trump pledging to fire Gensler on day one.

Prospects for Gary Gensler

It remains unclear if Gensler will step down after Trump's inauguration. Potential successors include Robinhood's Dan Gallagher and SEC Commissioner Hester Peirce.

The new administration may significantly alter the SEC's approach to crypto, leaving Gensler's future as SEC Chair in question.

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