Chair

Gary

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/tim-scott-takes-leadership-of-the-senate-banking-committee/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Tim Scott Takes Leadership of the Senate Banking Committee</a><br></p>
<p style="text-align: justify">In the recent victory of Donald Trump, Republicans gained a significant majority in both the House of Representatives and the Senate. As a result, Tim Scott will replace anti-crypto Senator Elizabeth Warren as the Chair of the Senate Banking Committee. This development may provide considerable relief for the crypto industry, signaling an end to the long-running Operation Choke Point 2.0.</p>
<h2 id="senate-banking-committee-changes">Senate Banking Committee Changes</h2>
<p style="text-align: justify">With Republicans controlling the Senate, South Carolina Senator Tim Scott will assume an influential role by removing Senator Elizabeth Warren from the leadership of the Senate Banking Committee.</p>
<p style="text-align: justify">This shift will facilitate the implementation of pro-crypto policies promised during the Trump administration’s campaign. Scott’s chairmanship may pave the way for potential investigations into Operation Choke Point 2.0.</p>
<h2 id="gary-gensler-s-possible-departure">Gary Gensler’s Possible Departure</h2>
<p style="text-align: justify">Following the U.S. elections, there is speculation about the imminent removal of <a href="https://en.coin-turk.com/democrats-form-crypto4harris-to-boost-kamala-harriss-2024-election-chances/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC</a> Chairman Gary Gensler. Within the crypto community, Gensler is believed to have collaborated with Senator Warren to steer Operation Choke Point 2.0.</p>
<p style="text-align: justify">Prominent crypto advocate Ryan Sean Adams stated, “Goodbye Gary Gensler. Goodbye Operation Choke Point. Regulatory winds are now shifting in favor of crypto.”</p>
<p style="text-align: justify">Expectations are rising regarding whether the SEC will drop lawsuits against crypto firms like Ripple , <a href="https://en.coin-turk.com/nigeria-initiates-legal-action-against-binance-for-alleged-tax-evasion/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>, and <a href="https://en.coin-turk.com/turkish-crypto-exchanges-experience-surge-in-trading-volume/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase</a>. The victories of pro-crypto lawmakers in the House and Senate may enable clearer regulatory standards in the future.</p>
<p style="text-align: justify">The crypto industry remains optimistic about the positive changes new policies could bring and the potential collaborations with traditional financial markets.</p>
<p>The post <a href="https://en.coin-turk.com/tim-scott-takes-leadership-of-the-senate-banking-committee/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Tim Scott Takes Leadership of the Senate Banking Committee</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Tim Scott Takes Leadership of the Senate Banking Committee

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