A former official from the U.S. Securities and Exchange Commission (SEC) ⚖️ thinks that Gary Gensler, the current SEC head, might leave his position before President-elect Donald Trump 🇺🇸 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 💡 about policies. If Gensler resigns, Hester Peirce, who is known for supporting the crypto industry 💸, might temporarily take his place. This could mean that the SEC’s approach toward crypto rules will become more relaxed 🕊️.
During Gensler’s time, the SEC took strict action ⚔️ against several big crypto companies like Coinbase and Binance 💰. Stark believes that Trump’s new administration might bring a friendlier approach 🤝 to crypto, which could mean fewer cases or restrictions on crypto businesses 🚀. This change might mark the end of what many have seen as the SEC’s tough stance or "war" on the crypto industry 🌐.
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