The Securities and Exchange Commission (SEC) is facing challenges in its regulation of the crypto industry. SEC Chair Gary Gensler's term ends in June 2026, but his future may be uncertain due to potential changes in presidential administrations. Recent sanctions against SEC attorneys for "gross abuse of power" have contributed to staff attrition and office closures. The debate surrounding Gensler's role as a regulator highlights the need for effective and predictable regulatory frameworks.

Source: https://www.theverge.com/24280387/gary-gensler-sec-chair-presidential-election-2024