According to reports from the BBC, the current SEC chairman announced his resignation and will hand over power with President Biden on January 20.
We have previously mentioned that Gensler has been sued by 18 states, predicting that his resignation is imminent: SEC chairman being sued! In the future, not only can tokens be issued without worry, but also tax-free?
Previously, Trump announced that on his "first day" as president, he would have the SEC chairman resign.
It seems that Trump's promises to the crypto world are indeed being fulfilled; other commitments are also provided for your reference:
Seeing today's scene, many friends might think, was CZ's tens of billions in fines paid in vain? After Binance was fined, who got unlucky, and who benefited?
I don't necessarily think so; when Binance was most targeted in the crypto industry, it bravely faced the SEC's challenges and ultimately proved its innocence, which also shows that the crypto industry is not entirely made up of fraudsters~
So who is the biggest winner after Gensler steps down?
It is said that Solana is very likely:
Because in January, when the SEC chairman is set to resign, four large asset management companies will submit spot ETFs for Solana: Bitwise, VanEck, 21Shares, and Canary.
Among them, a spokesperson for 21Shares stated:
"We believe that Solana's native token can be listed as a commodity on a spot ETF. In fact, there is no court that would consider SOL as a security anymore; we have already cited this in our application documents."
What is being referred to here is that under Gensler's leadership, Solana was once identified as a security.
This issue was once the biggest obstacle to Solana's spot ETF.
Now, as the Biden administration loses support, Solana is no longer considered a security.
It appears that even the so-called 'objective and fair' U.S. government has many issues dictated by leadership; if the leader changes, then the rules can also be adjusted.
