Representative French Hill has called for new leadership at the SEC, specifically urging that Gary Gensler step down in 2025. Hill criticized Gensler's 'fear-mongering' regarding regulatory issues, claiming it misuses the SEC's authority. He advocates for a more supportive approach to emerging industries like cryptocurrency, suggesting that the agency should implement exemptive relief and encourage innovation. This commentary follows broader Republican discontent with Gensler's handling of digital asset regulation amid rising cryptocurrency adoption in the U.S. Hill's statements echo remarks from Ripple CEO Brad Garlinghouse, who predicted a future leadership change at the SEC regardless of the presidential election outcomes. Concerns have been raised about Gensler's policies towards the cryptocurrency sector during congressional hearings, where lawmakers expressed their dissatisfaction with his regulatory strategies. With a presidential election approaching, Gensler’s future as the SEC chair remains uncertain, especially if a new administration opts for a shift in the agency's leadership.

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