U.S. Representative French Hill criticized SEC Chair Gary Gensler in a recent interview, suggesting new leadership is necessary by 2025 regardless of the presidential election outcome. Hill attacked Gensler for a perceived misuse of regulatory authority, describing his approach as 'fear-mongering' and unconstitutional. He emphasized the need for a clearer regulatory framework for digital assets, which, according to Hill, would encourage innovation in the sector. The comments align with growing bipartisan criticism of Gensler’s handling of cryptocurrency regulation, particularly following a session where many lawmakers harshly condemned his policies. As the presidential election approaches, Gensler’s position hangs in the balance, with speculation that a new administration may look to replace him if it gains office. Hill noted the common practice of incoming presidents requesting resignations from agency heads. Without removal, Gensler’s term is set to run until 2026.

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