#SECCrypto Former SEC Chairman Gary Gensler, who took office in 2021, was known for his strict stance on cryptocurrency regulation. He resigned on January 20 after leading an aggressive regulatory position against cryptocurrencies, resulting in over 100 regulatory actions against companies.

Following Gensler's departure, the SEC dropped a large number of lawsuits against cryptocurrency companies, including Coinbase, on February 27 and, in a recent reversal on April 24, signaled plans to abandon the enforcement action against the blockchain company Dragonchain.