Crypto Market is Going To React Positively After Gary Gensler To Announce To Step Down his position.

In a move that came following mounting pressure, Gary Gensler announced he is officially stepping down from his role as US Securities and Exchange Commission (SEC) chairman. Indeed, a press release states that Gensler will depart the agency on January 20th after three years as its chair.

Gensler was first appointed to the position in April 2021 after being nominated by current President Joe Biden. He has succeeded Jay Clayton and has become well-known for his opposition to the cryptocurrency market. Now, with President-elect Donald Trump set to assume his second consecutive term in the White House, he was expected to resign. Gensler has now affirmed those expectations with his decision today.

Source Watcherguru.

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