Gary Gensler’s tenure as SEC chair has been marked by strict scrutiny of the crypto industry, but changes are on the horizon as the regulatory spotlight shifts.

Host of The Wolf of All Streets, Scott Melker, sat down with Aaron Arnold, Co-Host of Altcoin Daily, to discuss Gensler’s likely departure, potential replacements, and what this could mean for the crypto landscape. With Donald Trump’s presidency prioritizing pro-crypto leadership, industry advocates have reasons to be optimistic.

Arnold highlighted the impact of Trump’s stance, saying, “The suppression on the crypto industry from the U.S. regulators is about to be lifted in a big way.” He added, “Trump has made it clear — day one, he says, ‘I’m going to fire Gary [Gensler.]’” Arnold pointed to several pro-crypto candidates being floated as potential successors, including Robinhood's Dan Gallagher, SEC Commissioner Mark Uyeda, and corporate lawyer Rob Stephens, all of whom have shown support for a more open crypto policy.

Trump’s influence extends beyond the SEC chair role, with Arnold mentioning that “Even the people he’s nominated for other positions who have little to do with regulations are all pro crypto.” He also revealed Trump’s plans to meet with Coinbase CEO Brian Armstrong to discuss further pro-crypto appointments, reinforcing the administration’s commitment to fostering innovation in the industry.

On Wednesday, Bloomberg reported that the Trump team was even considering creating a permanent crypto policy position in the White House — which would be the first of its kind.

Melker concluded with cautious optimism, stating, “Anything is exponentially better than Gary Gensler, and we’re getting pro-crypto names and an environment of less regulation.” As the crypto sector prepares for a potential shift in leadership, the next few years could see fewer restrictions and greater growth opportunities for the industry.