Grewal suggests the SEC shift its approach to encouraging innovation rather than sanctioning, especially when it comes to the removal of current SEC Chairman Gary Gensler.

Crypto advocates have long criticized the SEC’s harsh regulatory policy towards crypto, and Grewal argues that a more constructive and dialogue-oriented approach should be taken in this context.

While Donald Trump made a series of promises to ensure national unity after winning the election, he also promised to dismiss Gensler on his first day in office in order to end the “anti-crypto campaign” of the Biden-Harris administration.

During his presidency, Gensler pursued a harsh enforcement policy against the SEC’s various crypto projects and centralized (CEX) and decentralized (DEX) crypto exchanges. In this process, high-profile projects such as Coinbase and Uniswap attracted the attention of the SEC and were involved in legal processes.

However, according to Grewal, more clear and specific regulations should be introduced instead of this approach of the SEC, which keeps the crypto industry in a constant legal uncertainty.

Trump’s promise to fire Gensler has raised hopes that the SEC may shift to a more crypto-friendly approach. At this point, Hester Peirce, known as “Crypto Mother” in the SEC and known for her pro-crypto views, is considered one of the strongest candidates to replace Gensler.

Peirce argued that a clearer regulatory framework should be established in the field of crypto money and stated that the SEC’s sanction-oriented approach harmed the crypto industry.

The fact that Peirce is seen as a leader supporting crypto raises hopes in the crypto community that a softer era may be beginning at the SEC.

On the other hand, as the SEC’s push to provide transparency and clarity in crypto regulations continues, Coinbase has also become the focus of discussions regarding token listing fees in recent days.

On November 4, Tron founder Justin Sun claimed on the X platform that Coinbase demanded $300 million from them to list the Tron token.

Fantom Network founder Andre Cronje made a similar statement, saying that Coinbase stated Fantom’s listing fee as between $30 and $300 million, whereas exchanges such as Binance do not charge a fee in this regard.

These claims contradict Coinbase CEO Brian Armstrong’s statement on November 2 that “listing assets on Coinbase is free.”

Grewal states that the SEC should move its approach to the crypto world away from litigation and enforcement and support innovation.

Trump’s promise to remove the SEC chairman and seek a crypto-friendly regulatory leader is perceived as a sign of fundamental changes in the SEC’s future direction.

This shift could increase the likelihood of the United States adopting a more flexible and innovative policy towards crypto assets in the world of digital finance. However, while the future of the US crypto industry remains uncertain, it is being closely watched to what extent the Trump administration will implement these promises and what policy the SEC will follow after Gensler.

These potential changes at the SEC could also reshape the United States’ position in the global crypto competition. The crypto community’s expectation is that clearer regulations and a friendly SEC policy will pave the way for innovation.