As we might expect since the election of Donald Trump, Gary Gensler has announced his resignation as Chairman of the Securities and Exchange Commission (SEC). This will be effective from January 20.
Gary Gensler will resign from the SEC in 2 months
Since Donald Trump's victory in the US presidential election, the prospect of Gary Gensler's premature departure from his post as chairman of the Securities and Exchange Commission (SEC) has become clearer. After a letter from him suggesting this scenario last week, the person concerned made his decision official on Thursday.
So, Gary Gensler will resign on January 20or the very day of Donald Trump's inauguration:
On January 20, 2025 I will be stepping down as @SECGov Flesh.
A thread 🧵⬇️
— Gary Gensler (@GaryGensler) November 21, 2024
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In a press release shared on the Commission's website, the president addresses his thanks to various close collaborators:
I thank President Biden for entrusting me with this incredible responsibility. The SEC fulfilled its mission and enforced the law without fear or favor. I really enjoyed working with my fellow curators, Allison Herren Lee, Elad Roisman, Hester Peirce, Caroline Crenshaw, Mark Uyeda and Jaime Lizárraga. I also thank Congress, my colleagues in the U.S. government, and my fellow regulators around the world.
Despite these words, let us note that we were able, on several occasions, note dissension on the subject of cryptocurrencies, whether with Hester Peirce or Congress.
👉 Also in the news — Donald Trump plans to create the first position in the history of the White House dedicated to cryptocurrencies
While this future departure is now official, Bitcoin (BTC) continues its rise towards the famous $100,000. At the time of writing, it was trading at a price of $99,300.
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Source: SEC
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Since 2021, I have devoted my free time to seriously educating myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to conduct interviews with influential figures in the blockchain industry. I also conduct in-depth analyzes on Web3 themes to offer exclusive content to Cryptoast readers.
Vincent Maire
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