The Securities and Exchange Commission's (SEC) campaign against the crypto industry has cost American companies more than $400 million in legal defense costs alone. That's enough to fund multiple startups or research initiatives that could have advanced U.

Gary Gensler’s recent speech at the Annual Institute on Securities Regulation event indicates that he may expect to be out of office soon. This follows a pattern of SEC Chairs resigning following a change in administration.

Since taking office in April 2021, Gary Gensler gained a reputation for a particularly, uh, rigorous approach toward crypto regulation . Under his leadership, the SEC took a more aggressive stance toward various crypto projects (like Ripple and Immutable ), exchanges (like Crypto.com ), and token offerings.