TechFlow News, October 22 — According to CoinDesk, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is entering the final phase of his term. As one of the most influential figures in American crypto policy, Gensler's term is set to expire on January 5, 2026. However, by tradition, if the opposing party wins the White House, the current chair typically steps down early.
When asked whether he would resign if Trump wins, Gensler chuckled softly and declined to comment on the election, but added, "Elections have consequences." Notably, even after a new president takes office, Gensler could choose to remain through the remainder of his commissioner term, preserving Democratic majority status at the agency until a new appointee is confirmed by the Senate.
The crypto industry has been critical of Gensler’s regulatory approach. Sheila Warren, CEO of the Crypto Innovation Council (CCI), said Gensler’s tenure at the SEC has been marked by missed opportunities, with his preference for enforcement over clear regulation leaving U.S. companies “operating in the dark.”
It is understood that regardless of whether Trump or Harris prevails, significant shifts in cryptocurrency regulatory policy are likely. Trump explicitly stated at the Bitcoin Conference in July that he would fire Gensler if elected, while Harris’ team has already held meetings with crypto industry insiders, privately signaling an intent to reset relations with the sector.
