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SEC’s Gensler Rumored to Step Down Before January 2025
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SEC’s Gensler Rumored to Step Down Before January 2025 The Biggest AI #MEME Token has launched! Turn $100 USD into $3,000 USD, 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30. Confirmed 30X Profit from AIG MEME Token. Join the Airdrop and Pre-sale at the Official Website ➯ PlayAiGames.online Reports suggest that Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), may step down before Donald Trump assumes office in January. Speculation around Gensler’s resignation follows growing backlash from the crypto community against his leadership at the regulatory agency. Gensler Could Resign SEC Role Before January On November 15, Fox Business reporter Eleanor Terrett hinted that Gensler could announce his resignation shortly after Thanksgiving. “It’s anyone’s guess when his resignation announcement will come, but chatter in DC circles is that he’ll likely announce after Thanksgiving his intention to exit in early January, ahead of Trump’s inauguration,” Terrett said. Notably, recent remarks from Gensler himself add to the speculation. In a Nov. 14 speech, he expressed pride in his service at the SEC, calling attention to the agency’s efforts to protect American investors. Gensler’s speech also included reflections on his tenure and what some interpreted as a farewell message. “I’ve been proud to serve with my colleagues at the SEC who, day in and day out, work to protect American families on the highways of finance,” Gensler wrote. During his leadership, the SEC approved the first spot crypto exchange-traded funds (ETFs), which Gensler described as a significant step forward. He positioned this as a contrast to prior administrations that had blocked similar advancements. However, his tenure has been marked by intense criticism from the crypto sector. Tyler Winklevoss, co-founder of Gemini, accused Gensler of harming the industry through a heavy-handed regulatory approach. #sec #us #CryptoNews $BTC $ETH $SOL
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The US Crypto Industry Benefits the Most From Trump’s Victory
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The US Crypto Industry Benefits the Most From Trump’s Victory The Biggest AI #MEME Token has launched! Turn $100 USD into $3,000 USD, 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30. Confirmed 30X Profit from AIG MEME Token. Join the Airdrop and Pre-sale at the Official Website ➯ PlayAiGames.online During a recent appearance on Fox News, Ripple’s chief executive, Brad Garlinghouse, spoke about the aftermath of Donald Trump’s victory in the 24 US presidential elections. He believes the US crypto industry will benefit a lot from a more ‘lawful’ administration. The US Crypto Industry Won Although it has been just a week or so after it became official that the next US president will be the self-proclaimed ‘crypto choice,’ Donald Trump, the effects on the digital asset industry are more than evident, with the total market cap adding more than $800 billion and reaching a new all-time high of over $3.2 trillion. According to Ripple’s CEO, this is because the US crypto industry was attacked ‘for years’ by the former administration and the Gensler-led Securities and Exchange Commission. Recall that the agency has launched numerous lawsuits against crypto companies, including Ripple, alleging that their native tokens are unregistered securities. However, Gensler and the Commission have failed to specify the exact nature of crypto tokens and why are they supposed to be considered as securities. There has been little to no regulatory clarity under the current SEC supervision, which has resulted in many industry experts questioning the agency’s actions and motives. Now, though, the landscape seems entirely different, Garlinghouse added, given that the so-called war on crypto will probably end under Trump’s administration, and, especially after Gensler expected departure from the SEC. #SEC #XRP #US #Altcoins $XRP
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