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- SEC chair Gary Gensler has announced that he will be resigning from his role on the same day as president Trump’s Inauguration.
- Gary’s hostility towards crypto companies and the industry at large has made him a pariah and the community is rejoicing at the news.
SEC Chairman Gary Gensler has announced that he will be stepping down from his role of horrors on January 20th, 2025, which is the same day President-elect Donald Trump will be taking back the White House. He said:
“The SEC is a remarkable agency. The staff & the Commission are deeply mission-driven, focused on protecting investors, facilitating capital formation, & ensuring that the markets work for investors & issuers alike. The staff comprises true public servants.”
Crypto markets are already reacting positively to the news as Gary has been the industry’s public enemy number one. The pro-crypto Trump had already promised to kick him out on Day One, so this is Gary taking the hint and choosing to exit with the tiny bit of dignity he has left.
This man has been a nightmare to crypto markets and companies alike for reasons no one understands, and the entire community is currently rejoicing at his expense.
The tragic aspect is this hostility towards the crypto industry did a huge stain to what would have otherwise been an outstanding career legacy for Gary.
A highly-educated, focused man like himself could have used a bit more positivity on his WikiPedia page. Instead, he’s going to forever be known as the man who failed to hack it at the SEC and practically got kicked out of it.
Gary’s most infamous hostile crypto persecution is the long case he is still dragging on with XRP creator Ripple Labs over the token being what he believes “a security.”
He thinks all cryptos are securities actually, except for Bitcoin. So you can’t blame us if we say; Good bye, Gary. And good riddance! Wishing him all the very best in his future professional endeavors, hopefully far away from lawmaking.
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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Jai Hamid
Jai Hamid has been covering crypto, stock markets, technology, the global economy, and the geopolitical events that affect markets for the past 6 years. She has worked with blockchain-focused publications including AMB Crypto, Coin Edition, and CryptoTale on market analyses, major companies, regulation, and macroeconomic trends. She has attended London School of Journalism and thrice shared crypto market insights on one of Africa’s top TV networks.
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