Under the leadership of Chair Gary Gensler, the Securities and Exchange Commission (SEC) has been taking a firm stance against the cryptocurrency industry, focusing heavily on crypto regulation with lawsuits against various crypto firms.

This “Enforcement-First” approach has led to multiple legal battles and significant scrutiny within the industry. However, with the upcoming presidential election, the regulatory landscape in the U.S. may experience shifts, potentially altering how the crypto sector is managed in the future.

In an interview, Patrick Daugherty, a partner at Foley & Lardner LLP who leads the firm’s digital assets practice, expressed his belief that there will be a favorable change in U.S. crypto regulation post-elections.