SEC lawsuits will 'quietly close' after Gensler resigns, according to Pantera

According to the latest information, the Chairman of the U.S. Securities and Exchange Commission (SEC) Gary Gensler is expected to leave the agency on January 20, 2025. This departure coincides with the time when President-elect Donald Trump begins his second term, who has publicly supported a more favorable stance towards the cryptocurrency industry.

Throughout his term, Gensler has maintained a tough stance on cryptocurrency regulation, resulting in over 100 lawsuits against companies in this sector. Trump's potential appointment of a new leader for the SEC with a more positive view on cryptocurrency could influence how current lawsuits are handled.

Therefore, it is likely that SEC lawsuits related to cryptocurrency will 'quietly close' after Gensler resigns if his successor adopts a softer approach to this industry.