$XRP Pro-Bitcoin President meets crypto critic – this promised no good collaboration. The SEC chairman Gary Gensler preempted his dismissal because of this. Cryptocurrencies immediately surged significantly.
The Trump personnel carousel continues to spin: On Thursday evening, Gary Gensler, the chairman of the US Securities and Exchange Commission (SEC), announced his resignation for January – preempting a dismissal. Gensler will leave his position on the day of Donald Trump's inauguration, the SEC announced. The two have opposing views on the subject of cryptocurrencies.
The Republican has presented himself during the election campaign as a "Pro-Innovation and Pro-Bitcoin President." Since his electoral victory, the price of the cryptocurrency Bitcoin has soared.
Gensler is critical of digital currencies. He treated them like traditional financial products, such as stocks and bonds, due to a lack of regulations. As a result, the SEC filed lawsuits against cryptocurrency platforms Binance, Coinbase, and Kraken, as well as smaller startups, for not adhering to financial market regulations.
source: spiegel.de
