U.S. Representative French Hill expressed the belief that SEC Chair Gary Gensler should step down in 2025, regardless of the next presidential election outcome. In an interview, Hill criticized Gensler's approach to digital assets and accused him of fear-mongering, arguing that it misuses the SEC's regulatory authority. He emphasized the need for the SEC to adopt a more pro-innovation approach, including providing exemptive relief for emerging industries like cryptocurrency. Recently, Ripple Labs' CEO also predicted Gensler's departure, asserting it would happen independent of the election results. Gensler has faced significant backlash over the past years for his handling of cryptocurrency regulations, especially as the U.S. witnesses increased adoption and interest in this sector. His future remains uncertain as the elections approach, with the potential for a change in SEC leadership depending on the political landscape. Hill's remarks resonate with the lingering criticisms of Gensler's terms at the SEC, suggesting that a transition may be necessary to better align the agency's actions with the evolving crypto landscape.

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