CFTC Chairman Rostin Behnam will step down on January 20, 2025, the same day Donald Trump takes office as President of the United States. On the same day, SEC Chairman Gary Gensler will also end his term. Behnam leaves amid pressure to regulate crypto, while the digital asset market faces a series of major lawsuits. During his tenure, he pushed important crypto bills but also got caught up in many controversies.
The resignation could be a move to avoid being removed from office and create an opportunity for the new administration to appoint leaders whose ideology is more in line with Donald Trump's "pro-crypto" policy direction.
The resignation of CFTC Chairman Rostin Behnam is a notable event that could have certain impacts on the cryptocurrency market. Investors should closely monitor the latest developments and adjust their investment strategies accordingly.
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