SEC Chair Gary Gensler reaffirmed his cryptocurrency policy and enforcement stance amid the potential removal by President-elect Donald Trump. In a speech on November 14, Gensler highlighted the necessity for parties involved with approximately 10,000 tokens classified as securities to register and disclose information to the public. He pointed out the SEC's achievements in approving various Bitcoin ETFs but emphasized the need for some crypto firms to adhere to established regulatory standards. Gensler noted the significant investor harm observed in the crypto space and stated that most crypto assets lack sustainable use cases. Although Trump has suggested a shift in crypto regulation if elected, Gensler's term extends to June 2026, and it remains unclear whether Trump possesses the authority to dismiss him without cause. The regulatory landscape for digital assets continues to be uncertain, as calls for Trump to support the crypto industry circulate among users.

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