The ongoing debate surrounding the U.S. Securities and Exchange Commission (SEC) is intensifying as former SEC Chair Jay Clayton criticizes current Chair Gary Gensler for allegedly promoting an 'un-American agenda.' Clayton's remarks highlight concerns about Gensler's regulatory approach, which some industry leaders claim is stifling innovation. Ripple's legal chief has also criticized SEC Commissioner Caroline Crenshaw, accusing her of ignoring court rulings and fostering an anti-innovation environment. Over 40 organizations have sent an open letter to the Senate urging the confirmation of Crenshaw, emphasizing the importance of a bipartisan SEC. However, with Congress set to adjourn soon, time is running out for her renomination. The Senate Banking Committee has rescheduled a vote on Crenshaw for December 19, leaving limited time for a full Senate vote before the year ends. The situation is further complicated by a potential shift in leadership with the incoming Trump administration, which may alter the SEC's direction.