A former official from the U.S. Securities and Exchange Commission (SEC) âïž thinks that Gary Gensler, the current SEC head, might leave his position before President-elect Donald Trump đșđž starts his term. John Reed Stark, who used to work with the SEC, shared that many SEC leaders step down when a new administration comes in, especially if the new leaders have different ideas đĄ about policies. If Gensler resigns, Hester Peirce, who is known for supporting the crypto industry đž, might temporarily take his place. This could mean that the SECâs approach toward crypto rules will become more relaxed đïž.
During Genslerâs time, the SEC took strict action âïž against several big crypto companies like Coinbase and Binance đ°. Stark believes that Trumpâs new administration might bring a friendlier approach đ€ to crypto, which could mean fewer cases or restrictions on crypto businesses đ. This change might mark the end of what many have seen as the SECâs tough stance or "war" on the crypto industry đ.
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