Gary Gensler to Leave SEC on Trump’s Presidency Day

  • Gary Gensler is Resigns as Chairman of the Securities and Exchange Commission (SEC) January 20 (when Trump was inaugurated).
  • Katrina Paglia, Chief Legal Officer of Pantera (Crypto Asset Management Company) Anticipates SEC Current lawsuits against blockchain companies “quietly ended”.
  • Due to Trump’s pro-crypto stance and election victory, Bitcoin keeps hitting ATH after ATH. Getting closer to $100,000.
Gary Gensler will leave the SEC on the day Trump takes office, pushing BTC to hit 0,000

Gary Gensler is leaving the SEC Noon, January 20, 2025—the same day Trump moves back to the White House.

Trump has threatened to fire the chairman of the Securities and Exchange Commission after becoming president of the United States. Like many other cryptocurrency giants, he believes his strict cryptocurrency rules are unreasonable and hinder innovation.

coincident with Good news for cryptocurrenciesthe world’s largest digital asset, BTC USD, approaching $100,000.

Gensler takes Ripple, Coinbase and OpenSea to court

Gensler started on April 17, 2021 and is employed by Enhance the integrity and security of capital markets (Finance, Equity, Corporate Governance and Cryptocurrency).

He has been proactive in the cryptocurrency market Pursuing cases against blockchain companies Various misconduct (including wash trading, fraud, and security token violations).

Some recent lawsuits include those against cryptocurrency exchanges Ripple ($XRP) and Coinbase, NFT marketplace OpenSea, and Web3 gaming company Immutable.

However, his actions often cause controversy.

Cryptocurrency enthusiasts celebrate Gensler’s retirement

Read Gensler’s reviews X’s retirement notice Highlights What the public really thinks about the SEC chairman.

Gary Gensler-SECGary Gensler-SEC
Source: Gary Gensler(X)

At present, the vast majority 17K replies on post celebrating Gensler’s retirement And give him a bounce.

Good to get rid of. You go after innocent coin founders who did no harm, but you completely ignore the real scammers like FTX and Celcius who stole everyone’s money. You’re corrupt to the core, Gary.

Six-horned monkey

Trump is rumored to replace Gensler with pro-cryptocurrency lawyer Teresa Goody Guillen. she SEC experience and blockchain expertise benefit industry.

From 2009 to 2011, Gillen served as an attorney in the SEC’s Office of General Counsel. She is also the co-head of the blockchain team at Baker & Hostetler (a well-known law firm).

according to a Reuters reportsRobinhood’s current chief legal and compliance officer, Dan Gallagher, is another consideration for the SEC chairman.

Pantera says SEC suit likely to fail

Paglia (Pantera’s CLO) believes SEC lawsuit to ‘quietly end’ After Gensler stepped down.

in the most recent group discussionshe said they would May “make some level of statement” It could be “very beneficial” to avoid governments wasting time and energy.

According to her, the SEC may issue a “no-action” letter hinting at this No legal action will be taken against those subject to censorship – An important step towards a more favorable U.S. regulatory environment for cryptocurrencies.

She also believes new U.S. regulators May adopt the language of “neither admit nor deny”which would welcome more negotiable resolutions.

Bitcoin prices soared after Trump became president

Bitcoin keeps hitting ATH after ATH Since Donald Trump won the 2024 US presidential election on November 6.

before declaring his presidential victory. On November 5th, $BTC was worth approximately $68K.

Although commendable at the time, later Increased 44.12% to $98,000. Bitwise predicts that the coin will reach $100,000 soon.

Bitcoin price has risen 44% since Donald Trump was announced as the next US president

In addition to Trump’s promise to launch Gary Gensler, other factors stimulating the crypto market include his advocacy of a strategic Bitcoin reserve (to relieve $34T of debt) and his promise to never sell Bitcoin ( In stark contrast to the Biden administration).

Gensler may be afraid of getting fired

this Strict U.S. cryptocurrency regulations may be loosened Once Trump regains the presidential seat on January 20, 2025 after Gensler quits the SEC.

Gensler resigns as SEC chairman Trump returns to the White House on the same day Shows that he is afraid of being fired.

The U.S. Securities and Exchange Commission laments the confusion over classifying cryptocurrencies as securities, but it appears it came too late.

It will be interesting to observe the future trajectory of BTC The industry continues to receive strong support.

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Leah is an experienced UK journalist with 9 years of expertise specializing in Web3 reporting. Her insightful contributions have graced the pages of many respected publications, including Coinbound, Cointelegraph, Bitcolumnist, NFT Lately, and NFT Plazas. With a keen eye for detail, she provides a unique perspective on the evolving blockchain industry.

View all posts by Leah Waters (Algiers)

Central to Technical Reports’ editorial policy is the provision of useful, accurate content that provides real value to our readers. We only work with experienced writers who have specific knowledge on the topics they cover, including the latest developments in technology, online privacy, cryptocurrency, software, and more. Our editorial policy ensures that every topic is researched and curated by our in-house editors. We maintain strict journalistic standards and every article is 100% written by authentic authors.

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