🚀After Biden's withdrawal from the election, SEC Chairman Gary Gensler may resign, which is good news for the crypto market? 🔥
🔍 Recently, there have been media reports that Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), may resign in 2025, which happened after Biden lost the election. As we all know, Gensler was appointed by Biden, and if Trump wins the upcoming election, Gensler is likely to be replaced.
📊 According to reports, Gensler may consider resigning in 2025. This may be a positive signal for the cryptocurrency industry. Because in the past four years, the SEC has filed lawsuits against a number of cryptocurrency companies under Gensler's leadership, including Binance and Coinbase, which has greatly restricted the development space of cryptocurrencies.
🚫 Gensler once publicly stated that all cryptocurrencies except Bitcoin should be considered securities, a position that restricts the diversity and innovation of cryptocurrencies.
📉 At the same time, the ongoing legal proceedings between the SEC and Coinbase have also been attracting attention. The lawsuit involves a series of issues such as Coinbase trading unregistered securities and violating securities laws. When the news came out, the prices of many altcoins plummeted by more than 30%, and some even plummeted by 50%. Currently, the lawsuit is still ongoing.
📈 If Coinbase wins the lawsuit or reaches a settlement with the SEC, or Gensler leaves after completing his term, coupled with the change in the position of the new chairman, it will be an important turning point in the cryptocurrency market.
🌐 At the same time, judging from the current development and recent news reports, if Trump is elected, he is expected to choose a more cryptocurrency-friendly SEC chairman, which may bring a new round of bull market to the cryptocurrency market.
🕒 We will continue to pay attention to the development of these events, which may have a profound impact on the cryptocurrency market in the next few years.
🤔Finally, how do you think Gary Gensler's potential resignation will affect the cryptocurrency market? Welcome to leave your views in the comment section.
