Gensler’s 2023: Gensler will likely serve as SEC chair until his term ends in June 2026. The financial regulator has already added its name to the list of federal agencies charging former FTX CEO Sam Bankman-Fried, alleging violations of the anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. The case is ongoing, with Bankman-Fried’s trial scheduled for October. Gensler previously said he hoped to introduce crypto-related policy changes focused on token offerings, decentralized finance, stablecoins, custody, exchange-traded funds and lending platforms during his time in office. Whether the SEC chair will use 2023 to establish a clearer path for crypto firms is uncertain, but legislation affecting the financial regulator, if any, will come under a divided Congress, with Republicans controlling the House and Democrats controlling the Senate.