EddieJayonCrypto

 22 Nov 24

tl;dr

U.S. Securities and Exchange Commission Chair Gary Gensler will step down on Jan. 20, 2025. In his statement, Gensler praised the SEC's staff and their mission to protect investors and maintain the best capital markets. Potential replacements include Dan Gallagher, chief legal officer at Robinhood. ...

U.S. Securities and Exchange Commission Chair Gary Gensler has announced his resignation, effective Jan. 20, 2025. Gensler highlighted the SEC's mission and dedicated staff in his departure statement, emphasizing their commitment to safeguarding investors and maintaining robust capital markets. Speculation swirls around potential successors, with Dan Gallagher, chief legal officer at Robinhood, emerging as a leading candidate.

Gensler's tenure was characterized by a stringent crackdown on the cryptocurrency industry, leading legal actions against major players like Ripple, Coinbase, and Binance. As his departure looms, market anticipates a more crypto-friendly approach from the incoming SEC chair. Following Gensler's announcement, the price of Bitcoin surged past $98,000, hitting a new record high of $98,310.

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 22 Nov 24
 22 Nov 24
 22 Nov 24