U.S. Securities and Exchange Commission Chairman Gary Gensler has announced that he will step down in January 2025, paving the way for a potential shift in regulatory policies. Gensler led a crackdown on cryptocurrencies, targeting major companies like Coinbase and Kraken. As the crypto community celebrates his departure, observers are anticipating the appointment of new leadership that is expected to be less aggressive, potentially opening the door to improved relations between regulators and the industry.