A former official from the U.S. Securities and Exchange Commission (SEC) โ๏ธ thinks that Gary Gensler, the current SEC head, might leave his position before President-elect Donald Trump ๐บ๐ธ 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 ๐ก about policies. If Gensler resigns, Hester Peirce, who is known for supporting the crypto industry ๐ธ, might temporarily take his place. This could mean that the SECโs approach toward crypto rules will become more relaxed ๐๏ธ.
During Genslerโs time, the SEC took strict action โ๏ธ against several big crypto companies like Coinbase and Binance ๐ฐ. Stark believes that Trumpโs new administration might bring a friendlier approach ๐ค to crypto, which could mean fewer cases or restrictions on crypto businesses ๐. This change might mark the end of what many have seen as the SECโs tough stance or "war" on the crypto industry ๐.
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