Krutika Adani
Ripple CEO Brad Garlinghouse predicted that Gary Gensler's chances of leading the US SEC seem fairly slim regardless of who wins the US elections.
Gensler is disliked in the crypto markets because he has attempted to target every other crypto company and force them to pay huge fines. At press time, the SEC has active cases against 100 such companies.
According to official records, the current SEC chief's term will end in April 2026.
Gensler’s unpopularity might have dented the current administration’s ability to win the elections, and hence, they might seek his removal if they win the US elections.
According to Polymarket data, Donald Trump (52%) has a 5% lead over Kamal Harris (47%) and is closer to becoming the next US President.