Official announcement from the US Securities and Exchange Commission (SEC) 🚨
The resignation of the US Securities and Exchange Commission Chairman and its impact on the cryptocurrency market.
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What happened:
The US Securities and Exchange Commission (SEC) announced that its current Chairman, Gary Gensler, will resign from his position on January 20, 2025.
The move comes amid growing pressure from the cryptocurrency community over Gensler’s strict policies towards the market, including filing lawsuits against major companies such as Coinbase and Ripple. $XRP
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Possible impact: 🤔
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Positive:
The resignation could ease the strict regulatory policies that characterized Gensler’s tenure.
Investors are hoping that he will be replaced by a chairman who supports innovation in the cryptocurrency market.
Negative:
Uncertainty during the transition period could lead to short-term market volatility.
Analysis:
The resignation is expected to lead to a reconsideration of some open issues, especially those related to the classification of digital assets (such as considering them securities).
This may be an opportunity to strengthen the relationship between the cryptocurrency market and regulators.
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Here we end the news, and we hope you have benefited from the information provided.
Source:📍
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