Gary Gensler, the SEC chair, stated that the 2024 presidential election result was not influenced by crypto money or voting. In an interview, he asserted that while funds were raised from the crypto sector, they did not play a decisive role in the election. He emphasized that the crypto field is highly speculative and often non-compliant with various laws, including money laundering and securities regulations. During his tenure, the SEC initiated multiple enforcement actions against prominent crypto firms like Coinbase and Binance, facing criticism for the lack of clear operational guidelines. Despite spending millions to support pro-crypto candidates in congressional races, the Fairshake political action committee did not contribute to Trump’s campaign. As he prepares to leave office coinciding with Trump’s inauguration, Gensler referred to investor protection as a key issue he focused on at the SEC. The appointment of former SEC commissioner Paul Atkins to succeed him has been announced, though Senate hearings for the nomination are not yet scheduled.

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