News View Non-AMP

Ex-SEC Lawyer Slams Gary Gensler, Demands Urgent Leadership Change

Published by
Mustafa Mulla

Ladan Stewart, a former top lawyer at the SEC known for her high-profile cases against major players like Ripple and Coinbase, is calling for a significant change in leadership at the agency. She believes that appointing a new leader is essential to repair the SEC’s troubled relationship with the crypto industry. In an interview with Fox Business, Stewart explained that fresh leadership could lead to better collaboration with crypto companies.

Here’s all you need to know.

Frustration with Gary Gensler’s Approach

Since Gary Gensler became SEC Chair in 2021, the agency has taken many enforcement actions that have frustrated crypto leaders. Many view Gensler’s approach as a barrier to productive regulatory discussions.

Ripple CEO Brad Garlinghouse has even labeled his tenure a “reign of terror,” highlighting how the SEC’s actions make it difficult for firms to engage meaningfully with the agency. This rising tension has created a divide between the SEC and the industry, making it harder for companies to connect with regulators.

Industry Resentment

Stewart shared that after moving to the private sector, she was surprised by the strong resentment toward Gensler within the industry. She warned that unless there is a change in leadership, this ongoing conflict could continue to block constructive conversations between regulators and the crypto sector.

It’s Time for Change!

Stewart is not alone in her call for change. Other former SEC officials, including ex-enforcement directors and unit heads, have left the agency to work at private law firms that represent crypto clients. Notable figures like former SEC Chair Jay Clayton and former Finance Director Bill Hinman have taken on advisory roles in the crypto space to promote policies that support industry growth.

Will the Situation Improve?

With the upcoming U.S. elections, many in the crypto community are hopeful that new SEC leadership could lead to a more open attitude toward the industry. Stewart believes that, regardless of the election outcome, a new leader could help the SEC and crypto companies find common ground.

She emphasized that a fresh approach could allow both sides to work together more effectively, unlocking the potential for progress in the industry.

Do you agree with the call for new SEC leadership? Tell us your opinion.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

U.S. SEC Approves First Solana, XRP, and Cardano ETF: Is the Altcoin Summer Next?

The altcoin market has followed Bitcoin (BTC) in midterm weakness, amid historical demand from institutional…

July 2, 2025

Which Meme Coin Triumphs in 2025? Dogecoin, PEPE or Neo Pepe Coin ($NEOP) For Best Crypto

Pepe's Resilient Rebound Over recent days, Pepe Coin (PEPE) has captured renewed attention from traders…

July 1, 2025

BBB Warns of AI Voice Scams Just as Graphite Network Launches Phonebook MVP That Offers a Web3 Fix

On June 25th, 2025, the Better Business Bureau (BBB) issued an urgent alert about a…

July 1, 2025

Elon Musk’s xAI Bags $10 Billion While Trump Fires Shots on Social Media

Elon Musk’s AI startup xAI has raised a massive $10 billion in new funding, giving…

July 1, 2025

Best Crypto to Buy This Summer, Ethereum (ETH) Runs Hot, But This $0.03 Token Looks Sharper With 2x Upside

With Ethereum (ETH) heating up again in early summer activity, large-cap investors are doubling down…

July 1, 2025

Top New Meme Coin of 2025? Pepe Coin (PEPE) Competitor Picked for a Top 10 Status on CoinMarketCap

Meme coins have always been a wild ride. From Dogecoin turning jokes into market caps…

July 1, 2025