Speaking at the 56th annual meeting of the Securities Regulatory Authority, Gary Gensler said that by the time he took over as SEC Chairman, the agency under the chairmanship of Jay Clayton had already filed about 80 lawsuits against crypto companies, including Ripple. Gensler clarified that since 2018, litigation against crypto participants accounts for only 5-7% of the SEC's overall efforts to enforce securities laws. Gensler emphasized that not all assets are considered securities, and Bitcoin is one of them.
According to a study conducted by the Blockchain Association and HarrisX, since Gary Gensler took over as SEC Chairman, American cryptocurrency companies have spent more than $400 million on litigation with the agency.
I hope his departure will have a positive effect on the cryptocurrency market))

Let’s hope for a more balanced approach in the future—maybe it’ll finally give the crypto market some breathing room!