SEC Chair Gary Gensler is predicted to resign in early 2025 as political shifts occur with Trump’s potential return to the White House.
Trump’s running mate J.D. Vance has criticized Gensler’s crypto policies, calling him the “worst person” to regulate crypto assets.
Speculation suggests Trump may announce Bitcoin as a strategic reserve asset at the Bitcoin conference in Nashville on July 25.
The current Chair of the United States Securities and Exchange Commission (SEC), Gary Gensler, is anticipated to leave office in the first two months of 2025.
JUST IN: SEC CHAIR GARY GENSLER EXPECTED TO RESIGN BY FEBRUARY 2025 POST-BIDEN TERM – 10X RESEARCH FOUNDER MARKUS THIELEN
— BSCN Headlines (@BSCNheadlines) July 22, 2024
According to Thielen’s estimate, Gensler’s departure will occur during the period of transition to a new government in the White House. Thielen cited President Joe Biden’s choice not to seek re-election as a crucial factor, indicating a strong likelihood of Donald Trump becoming president in January 2025.
According to Thielen, Gensler will likely leave earlier than expected due to the changes in politics, even though his term formally ends on June 5, 2026. He pointed out that when a new administration takes office, SEC chairs frequently resign, particularly if the incoming leadership has opposing views on regulations.
Trump’s running mate, J.D. Vance, criticized Gensler’s approach to regulating cryptocurrency in February. Vance described Gensler as the wrong guy for the position, criticizing him for taking a negative and highly political approach to crypto policy.
Thielen also identified several positive triggers for the cryptocurrency market in the coming weeks. He hinted that Trump could make a major announcement at the forthcoming Bitcoin convention in Nashville, Tennessee, on July 25. There is speculation that Trump could declare Bitcoin a strategic reserve asset, which might result in a surge in Bitcoin’s price.
The predicted exit of SEC Chair Gary Gensler in early 2025, along with likely positive moves in the cryptocurrency market, indicates big shifts in the financial environment. The resignation could pave the way for fresh regulatory approaches.
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