The anticipated departure of Gary Gensler, Chair of the Securities and Exchanges Commission (SEC), is sparking conversations about a potential relaxation of DeFi constraints.
Gary Gensler’s recent statement about considering resignation after a dedicated tenure has fueled speculation about a softer regulatory approach under new leadership. “I’ve been proud to serve with my colleagues at the SEC who, day in and day out, work to protect American families on the highways of financial success,” he remarked, suggesting an imminent shift.
The Manhattan U.S. Attorney’s Office also announced a reduction in its focus on crypto-related cases. Scott Hartman, co-chief of the securities and commodities task force in the Southern District of New York, indicated a future decrease in crypto prosecutions, stating, “You won’t see as much crypto stuff coming out of at least the SDNY in the future.”
This move aligns with President Trump’s recent nomination of Jay Clayton, the previous SEC chair known for his less stringent stance on crypto, as U.S. Attorney for the Southern District of New York.
Under his potential leadership, the crypto community anticipates a more transparent and possibly lenient regulatory environment.