Gensler appears to be preparing for his exit ahead of Trump's presidency, as Republican attorney generals sue over his cryptocurrency enforcement.

The Commission concluded that the requested rulemaking was "unwarranted" and denied Coinbase's petition after 18 months of silence.

The regulator has significantly increased its enforcement actions in the crypto sector under Gary Gensler's leadership, with many crackdowns on major crypto entities and influencers.

The SEC, headed by Gary Gensler, is poised to potentially approve multiple Bitcoin ETFs, while scrutiny of Gensler's shifting stance on digital asset regulation is growing.

Gary Gensler's changing positions on key issues, including SEC guidance and Bitcoin ETF approvals, have recently taken center stage, sparking widespread discussion across news outlets and social media.

Gary Gensler is under fire from Members of Congress, who have had enough of the SEC’s digital assets enforcement strategy.

The regulator had previously outright rejected Grayscale’s application to convert its Bitcoin Trust into a Bitcoin ETF. The court of appeals ruled that this decision was wrong, with the judge calling the SEC’s actions “arbitrary and capricious.”

There is a real storm going on in the crypto industry right now. All because of the statements of SEC Chairman Gary Gensler about cryptocurrency, staking and lack of clarity in their classification.