On November 15, Fox Business journalist Eleanor Terrett hinted that #gensler might announce his resignation shortly after Thanksgiving.
"When exactly he will announce his resignation is an open question, but in Washington circles they say it could happen after Thanksgiving, before Trump's inauguration," Terrett said.
Recent statements by Gensler himself add grounds for speculation. In his speech on November 14, he expressed pride in his work at the SEC, highlighting the agency's efforts to protect American investors. Gensler's speech also contained reflections on his tenure and what some perceived as a farewell message.
"I am proud to have worked with my colleagues at the SEC who protect American families in the financial market every day," Gensler wrote.
Gensler also noted that during his leadership, the SEC approved the first spot bitcoin ETFs. The SEC chairman called this event a significant step forward, pointing out that previous administrations had blocked such innovations.
However, his tenure was marked by intense criticism from the crypto sector. Tyler Winklevoss, Gemini's co-founder, accused Gensler of damaging the industry due to a harsh regulatory approach. Winklevoss argued that Gensler put personal ambitions above fair regulation, describing his actions as harmful and deliberate.
"No apology can undo the damage he has done to our industry and our country. Such people should not occupy places in either large or small institutions. Americans are tired of their tax dollars going to the government, which is supposed to protect them, but instead being used against them by politicians seeking to advance their careers," he said.
Under Gensler's leadership, the SEC has conducted a number of high-profile lawsuits against major crypto companies, including Binance, Coinbase and #Ripple💰 . Critics argue that such an active intervention strategy stifles innovation and creates a hostile relationship between regulators and the industry.
With rumors spreading about Gensler's possible resignation, more and more attention is being paid to his potential successor in the Trump administration. Possible candidates include Robinhood's chief lawyer Dan Gallagher, former SEC chief lawyer Bob Stebbins and current Republican SEC Commissioner Mark Ueda. Brad Bondi, Paul Atkins, Heath Tarbert and Norm Champ were also among the candidates.
