Gary Gensler's tenure as chair of the U.S. Securities and Exchange Commission (SEC) is under scrutiny as rumors of his potential resignation circulate. Critics highlight his mixed record, particularly his perceived failure to effectively regulate both the cryptocurrency market and fraud in traditional stock markets. Some argue that while Gensler has taken steps to protect investors from certain cryptocurrencies, he has not adequately addressed significant fraud cases, including those involving Chinese American Depository Receipts (ADRs). As discussions about his possible exit intensify, questions arise regarding who might succeed him and whether the next SEC chair will adopt a more aggressive stance against market fraud.