Gary Gensler, the SEC Chair known for his tough stance on crypto regulation, is set to step down on January 20. His tenure has been marked by numerous lawsuits against crypto firms, often criticized for lacking clear guidance. While some argue Gensler's approach was necessary to maintain order, others in the crypto industry feel it stifled innovation. Critics say his "regulation by enforcement" strategy created uncertainty. As Gensler exits, the debate continues on whether the U.S. should adopt clearer crypto regulations, similar to the EU's MiCA framework, to foster innovation while ensuring consumer protection.