Recent industry reports suggest that with President Joe Biden not running for re-election, there appears to be a lack of strong contenders for the next administration, hinting at a potentially swift transition. For the cryptocurrency sector, particularly Bitcoin, this could imply a more favorable government taking over the White House. Historically, new administrations often see changes in SEC leadership. Although Gensler's term was set to conclude in 2026, the industry anticipates he may step down in January or February 2025, introducing uncertainty into cryptocurrency regulation.