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Pro XRP Lawyer Bill Morgan has publicly criticized SEC Chair Gary Gensler’s recent actions within the cryptocurrency space, particularly highlighting Gensler’s Gensler’s SEC has brought enforcement actions against major US crypto companies including Consensys, Coinbase, and Kraken. Others including Immutable and Mike Selig, a crypto attorney, said Gary Gensler could still stay on at the Securities and Exchange Commission (SEC) even if Donald Trump becomes president. However, he added that Trump Attorney John Deaton, who represented XRP holders in the SEC vs Ripple lawsuit, does not believe that the bill will be passed in Congress. However, the pro-crypto The crypto industry at large remains at odds with the Securities and Exchange Commission (SEC) as criticisms mount against the regulatory body's approach and President-elect Trump will have the opportunity to reshape the leadership of the Securities and Exchange Commission (SEC) upon being sworn into office on January 20

Pro Crypto Lawyer: Is Gary Gensler's Time at the SEC Running Out?

The crypto industry at large remains at odds with the Securities and Exchange Commission (SEC) as criticisms mount against the regulatory body's approach. Speculation is rife about the future of SEC Chair Gary Gensler, particularly in light of potential changes in presidential administration.

Mounting Criticism and Enforcement Actions

Pro XRP Lawyer Bill Morgan has publicly criticized SEC Chair Gary Gensler’s recent actions within the cryptocurrency space, particularly highlighting Gensler’s aggressive regulatory stance. Gensler’s SEC has brought enforcement actions against major US crypto companies including Consensys, Coinbase, and Kraken, fueling accusations of overreach and hindering innovation.

Trump Presidency and SEC Leadership

President-elect Trump will have the opportunity to reshape the leadership of the Securities and Exchange Commission (SEC) upon being sworn into office on January 20. This prospect has led to increased speculation about Gensler's future. While some, including Immutable and Mike Selig, a crypto attorney, said Gary Gensler could still stay on at the Securities and Exchange Commission (SEC) even if Donald Trump becomes president, the possibility of a new SEC Chair remains a significant topic of discussion within the crypto community.

Differing Opinions on Congressional Action

Trump Attorney John Deaton, who represented XRP holders in the SEC vs Ripple lawsuit, does not believe that the bill will be passed in Congress. However, the pro-crypto sentiment suggests a desire for a more collaborative and less enforcement-focused approach to crypto regulation. The potential for a change in SEC leadership under a new administration could pave the way for a more favorable regulatory environment for digital assets.

The Future of Crypto Regulation

The debate surrounding Gary Gensler's tenure reflects the broader struggle between the crypto industry and regulatory bodies. Whether Gensler remains at the SEC or a new chair is appointed, the future of crypto regulation in the US remains uncertain.

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