To my observation, Gensler has been trying to shoehorn crypto regulation into existing laws. He often would kick back suggestions that he create clear guidelines back to Congress to write the laws to create the clear guidelines. They were waiting on him; he was waiting on them.

I think she's right. I think that the government is realizing that having a CFTC and an SEC is not working out in the new financial world. If BTC is a commodity, it should be regulated by the CFTC. But then again, an ETF is regulated by the SEC. They are stepping all over each other to figure out how things work with cryptos.

Other countries combine commodities and securities regulation under the same agency. Therefore, they are able to move faster in coming to a decision.

I think, ultimately the political pressure is because the country is ready to adopt crypto but Gensler has been diverting resources to litigate rather than to set a clear path for adoption. Adoption is happening faster than he can sue.