Gary Gensler, the chairman of the United States Securities and Exchange Commission, is expected to continue bringing crypto cases following the agency's recent victory in a Coinbase insider trading lawsuit, according to investment bank TD Cowen.

Gensler "wants to bring litigation to clarify the law in advance of Congress establishing a regulatory regime for crypto," TD Cowen Washington Research Group, led by Jaret Seiberg, wrote in a note on Monday. The group expects Gensler to continue litigating for at least the next two years until his term ends in June 2026.

SEC's latest win

Last week, a federal judge in the Western District Court of Washington ruled in favor of the SEC in an insider trading case.

The case involved Coinbase's former product manager, Ishan Wahi, his brother Nikhil …