**Crypto Community Cheers as SEC Chair Gensler Steps Down**

Gary Gensler, the SEC Chair known for his tough stance on crypto, announced he'll step down on January 20. His departure has sparked celebrations among crypto enthusiasts on social media platform X. During his tenure, Gensler's SEC filed lawsuits against major crypto entities like Coinbase and Uniswap, drawing criticism from the crypto community.

As speculation swirls about his successor, potential candidates include CFTC Chair Summer Mersinger and former Binance US CEO Brian Brooks. However, any nominee will face rigorous Senate scrutiny. Despite Gensler's exit, ongoing lawsuits may not be immediately resolved, though settlements are anticipated.