Ms. Khan’s term as the chair of the Federal Trade Commission ended Wednesday. In a wide-ranging interview, she discussed her aggressive approach to antitrust and its critics.

From Wall Street to Silicon Valley, everyone wants to know what’s next for Lina Khan.

On Wednesday, the youngest-ever chair of the Federal Trade Commission reached the end of her three-year term, during which she helped to overhaul the government’s approach to antitrust enforcement and brought a slew of lawsuits against major corporations.

Ms. Khan, 35, can remain in her seat indefinitely, unless she is replaced. There are factions rooting loudly for each of those outcomes.

Under her leadership, the F.T.C. has brought antitrust cases against the tech giants Meta, Amazon and Microsoft, sometimes employing ambitious legal arguments. The agency has tried to ban almost all noncompete clauses and blocked Lockheed Martin and Nvidia from making multibillion-dollar deals.

A powerful bipartisan cohort believes the F.T.C. chair is stretching

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