There is a good chance that Gary Gensler, the SEC Chairman, will soon step down.

According to sources from President Trump's team, the new SEC Chairman will tend to favor crypto. In addition, the Trump administration is also considering giving the CFTC (Commodity Futures and Futures Commission) more responsibility for regulating crypto, so who will become the next CFTC Chairman is equally important.

Source: X @ EleanorTerrett

$BTC #MarketDownturn