New Era For Crypto Regulation? SEC Chair Gensler Suggests He May Step Down
14 Novembre 2024 - 9:11PM
NEWSBTC
A potential shift in crypto regulation could be in the works as the
US Securities and Exchange Commission (SEC) Chairman Gary Gensler
hints at a possible resignation following President-elect Donald
Trump’s recent victory on November 5. SEC Head Gensler Drops
Resignation Clue In a recent statement to SEC staff, Gensler hinted
at a possible resignation, which led to further discussions about
his future as the agency’s head. His remarks, which carried a
tone reminiscent of a farewell, expressed gratitude for the
opportunity to serve alongside his colleagues, emphasizing the
importance of their work in maintaining the integrity of US capital
markets. Related Reading: Crypto Analyst Predicts Major Price
Crash For Shiba Inu, But It’s Not All Bad News The SEC chairman,
who has long been criticized for his approach to the crypto
industry, also dedicated a portion of the letter to his mom and
dad, concluding, “I’ve been proud to serve with my colleagues at
the SEC who work day in and day out to protect American families on
the highways of finance.” Despite the absence of any official
confirmations from either the SEC or Gary Gensler regarding his
future, the suggestive tone of his letter has sparked anticipation
among crypto investors, hinting at the likelihood of his
resignation. Policy Shift Towards Crypto-Friendly US Gensler’s
leadership has been marked by numerous enforcement actions,
lawsuits and Wells Notices against major players in the crypto
space, including Binance, Coinbase and the most notorious case
against Ripple Labs, while failing to provide a clear regulatory
framework for digital assets. Related Reading: Buy Dogecoin Now Or
Wait? Analyst Points To Key Technical Indicator The anticipation
surrounding Gensler’s potential exit is compounded by Trump’s
promises to create a more favorable environment for
cryptocurrencies, positioning the US as the “crypto capital of the
world.” Trump’s administration is expected to prioritize
policies that support innovation and growth in the digital asset
sector, contrasting sharply with Gensler’s regulatory stance.
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