SEC Chair Gensler Resigns Amid Regulatory Shift and Crypto Market Reaction
TL;DR Summary
Gary Gensler, the chair of the US Securities and Exchange Commission, announced his resignation effective when President-elect Donald Trump takes office, signaling potential regulatory changes. Gensler's aggressive stance on cryptocurrency regulation, including lawsuits against major exchanges, was unpopular in the crypto industry. Trump is expected to appoint a Republican SEC commissioner as acting head, but it's unclear if this will benefit the crypto sector. Trump's broader deregulation plans could create opportunities but also risks, while states may resist federal rollbacks on environmental policies.
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- SEC Chair Gary Gensler, who led US crackdown on cryptocurrencies, to step down The Associated Press
- Crypto Tokens Targeted by US SEC Jump on Gensler’s Planned Exit Bloomberg
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