Krutika Adani
If the US elections turn in favour of the Democrats, Gary Gensler might continue as the SEC chief until the end of his tenure in 2024.
Gensler already has a bad reputation in the crypto world because of several cases against crypto companies, many of which eventually resulted in the SEC’s loss.
Gensler's unpopularity might be a key factor in a Republican win if Democrats lose by a wide margin.
In Polymarket, a crypto-betting platform, Donald Trump has a lead of 52% vs Kamal’s 47%.
Lately, both presidential candidates and their parties have started wooing crypto users with promises of pro-crypto policies and laws.