Gary Gensler, the outgoing chair of the Securities and Exchange Commission (SEC), has called for increased regulatory oversight of altcoins and intermediaries in the cryptocurrency market. He highlighted the lack of disclosures and information provided to everyday investors by digital asset firms. Gensler expressed pride in the SEC's enforcement efforts in the crypto space, which have targeted fraudulent operators and major firms like Coinbase and DRW Holdings. He announced his decision to step down as SEC chair, coinciding with President-elect Trump's inauguration. Gensler's successor, Paul Atkins, is expected to take a more lenient approach to crypto regulation. Gensler has focused on enforcement against market intermediaries that bypass securities laws, rather than token issuers. There has been a contentious relationship between Gensler and the crypto industry, with many viewing his strict enforcement approach as stifling innovation. Gensler stated that the majority of crypto projects will not survive, as they are like venture capital investments. He expressed pride in the SEC's accomplishments but acknowledged that there is still work to be done.



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