Heavy! SEC Chairman Gary Gensler announced his resignation on January 20 next year. Is the era of high-pressure supervision of cryptocurrency the end?

Gary Gensler, the current chairman of the U.S. Securities and Exchange Commission (SEC), announced on his X account at 2 o’clock this morning (22) that he will resign on January 20. (Preliminary summary: Trump wants to fill regulatory agencies with encryption-friendly officials, and potential candidates for the new SEC chairman have been exposed) (Background supplement: Countdown to Gary Gensler’s resignation) Coinbase Attorney General: The new SEC chairman will significantly reduce encryption enforcement) Coming in January next year Trump, who returned to the White House in March, once said that he would fire Gary Gensler, the current chairman of the U.S. Securities and Exchange Commission (SEC), on his first day in office. Just as the market was anticipating when Gensler would step down, he announced this on the 22nd morning. Dot announced on his X account that he would resign on January 20. The timing coincides with the Trump administration taking over, officially ending his era of high-pressure regulation that has long been criticized by the currency circle. He wrote in the SEC's official announcement: The Securities and Exchange Commission is an amazing agency. The staff and committee are mission-driven and focused on protecting investors, promoting capital formation, and ensuring markets work for investors and issuers. It has been the honor of a lifetime to serve alongside ordinary Americans on their behalf and ensure our capital markets remain the best in the world. On January 20, 2025 I will be stepping down as @SECGov Chair. A thread — Gary Gensler (@GaryGensler) November 21, 2024 Who will succeed Gary Gensler? As expected, while the president does not have the authority to fire Gensler directly from the SEC, past SEC chairs typically follow Washington tradition and choose to resign on or before the day a new president takes office. For example, former SEC Chairman Jay Clayton, who was appointed by Trump during his first term, resigned early in December 2020. Biden nominated Gensler in 2021 and after passing the Senate vote, his term will be until June 2026. Trump has yet to officially announce his preferred choice for the new SEC chairman. But the Washington Post earlier reported, citing five people familiar with the matter, that Trump advisers are considering current regulatory officials, former federal officials and financial industry executives, many of whom have publicly expressed pro-cryptocurrency views, for key leadership positions. The list of strong candidates to lead regulatory agencies such as the SEC includes: Former SEC official Daniel Gallagher: Currently the legal director of Robinhood, a well-known American online brokerage and cryptocurrency trading platform, he has criticized the SEC for adopting a scorched-earth policy towards cryptocurrency. Republican SEC Commissioner Hester Peirce: Known as the “Crypto Mom” by the crypto community, a well-known SEC crypto-friendly official has repeatedly criticized the SEC led by Gensler for its enforcement supervision of crypto and the lack of clear rules. After Trump takes office, Peirce may serve as interim chairman of the SEC and may lead a federal cryptocurrency policy working group in the future. Republican SEC Commissioner Mark Uyeda: Recently expressed his hope to help Trump fulfill his commitment to end the Biden administration’s “cryptocurrency war.” Other potential candidates include: former SEC Commissioner Paul Atkins, and former Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo, nicknamed “Crypto Dad” by the community. Related reports SEC Chairman congratulates the 16th anniversary of the Bitcoin white paper, Gary Gensler Will high-pressure policies be phased out? How will Trump impact the currency circle if he wins the presidency? These three friendly people may become SEC chairmen to "bring about large-scale popularization" Trump announced the appointment of Musk to lead the Department of Government Efficiency DOGE: dismantle the bureaucracy, Shiba Inu LOGO exposed Standard Chartered: "The chance of Trump including Bitcoin in the US strategic reserve is slim" But after taking office, he will overturn the SAB121 crypto accounting law. "Breaking news! SEC Chairman Gary Gensler announced his resignation on January 20 next year. Is the era of high-pressure supervision of cryptocurrency the end?" This article was first published in BlockTempo (Dong District Dongzhi-The Most Influential) Powerful blockchain news media).