Gary Gensler, the Chair of the U.S. Securities and Exchange Commission (SEC), has announced that he will step down from his position on January 20, 2025, coinciding with the inauguration of President-elect Donald Trump, who is known for his pro-crypto stance. Gensler expressed his gratitude for the opportunity to serve, stating it was an honor to work on behalf of everyday Americans to maintain the integrity of capital markets.
Trump has previously promised to remove Gensler in an effort to attract cryptocurrency supporters ahead of the November elections. While the president has the authority to appoint a new SEC chair, he cannot force Gensler to leave before his planned resignation. The upcoming transition is expected to shift regulatory approaches towards cryptocurrencies, potentially favoring a more lenient stance under Trump's administration.
What do you think about the crypto future??
And who do you think would be the successor of Gary Gensler ?
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