As the United States prepares for President Trump's inauguration, the financial sector anticipates the resignation of SEC Chair Gary Gensler. His stringent regulatory approach has been criticized for hindering innovation, particularly in the cryptocurrency and blockchain sectors. Gensler's enforcement-heavy tactics created ambiguity, pushing potential growth and innovation offshore. The article emphasizes the need for a regulatory framework that fosters innovation while ensuring consumer protection, such as the proposed Financial Innovation and Technology for the 21st Century Act (FIT 21). This legislation, which awaits Senate consideration, aims to clarify the roles of the SEC and CFTC. The piece also highlights Trump's previous administration's collaborative approach to cryptocurrency regulation, contrasting it with the Biden administration's stance. With newfound Republican leadership and the potential appointment of Paul Atkins as the next SEC Chair, the article suggests an optimistic future for the U.S. crypto market, aligning it with broader economic growth and innovation.

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