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Gary Gensler’s resignation as the Chairman of the U.S. Securities and Exchange Commission (SEC) on January 20, 2025, could have a big effect on the cryptocurrency market. Gensler has been known for his strict rules on cryptocurrencies, which has made many people in the crypto world unhappy. His departure might lead to a change in how cryptocurrencies are regulated, making the market more stable and possibly attracting more investors and businesses.
However, Gensler’s resignation also leaves questions about who will replace him and what they will do. If the new SEC chairman is more supportive of crypto, it could help the market grow faster. But if they continue with tough rules, it might slow down progress in the crypto world. Overall, Gensler’s exit could bring a time of change and uncertainty for the market, with everyone watching to see what happens next.
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