Victory

Chair

Biden

Gary

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/donald-trumps-victory-signals-potential-changes-for-sec-chair-gary-gensler/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Donald Trump’s Victory Signals Potential Changes for SEC Chair Gary Gensler</a><br></p>
<p style="text-align: justify">The success of Donald Trump in the 2024 Presidential election has sparked speculation regarding the future of <a href="https://en.coin-turk.com/bitcoin-price-continues-to-slide-as-market-faces-uncertainty/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC</a> Chair Gary Gensler. Recent reports indicate that Gensler may resign within this year, aligning with Trump’s previous commitment to remove him upon taking office.</p>
<h2 id="when-will-gensler-resign">When Will Gensler Resign?</h2>
<p style="text-align: justify">A report by 10X Research suggests that Gensler could resign in December or January. This aligns with the tradition of SEC chairs resigning after a new president takes office.</p>
<p style="text-align: justify">For instance, Jay Clayton, appointed during Trump’s presidency, resigned in December 2020, paving the way for Gensler’s confirmation under the Biden administration. Similarly, Mary Jo White, appointed by Obama, resigned on the day of Trump’s 2017 election victory.</p>
<h2 id="trump-s-victory-and-crypto">Trump’s Victory and Crypto</h2>
<p style="text-align: justify">The <a href="https://en.coin-turk.com/garanti-bbva-launches-cryptocurrency-services-a-game-changer-for-investors/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> community perceives Gensler as a restrictive figure due to his stringent SEC regulations against various crypto firms. Expectations of a more crypto-friendly SEC chair under Trump’s administration are creating positive effects in the market.</p>
<p style="text-align: justify">As this article is being prepared, Bitcoin continues to reach new all-time high levels, rising to $75,800. Analysts indicate that the incoming chair could adopt a more balanced approach to crypto regulations.</p>
<p style="text-align: justify">Trump’s vocal support for the crypto sector during his campaign has further boosted market optimism. Throughout Gensler’s tenure, the SEC faced significant criticism from crypto advocates, and Trump’s influence is expected to steer the SEC toward a more flexible regulatory stance.</p>
<h2 id="expectations-after-gensler-s-resignation">Expectations After Gensler’s Resignation</h2>
<p style="text-align: justify">Gensler’s departure would create an opportunity for Trump to appoint a crypto-friendly SEC chair. This appointment could foster a constructive approach to crypto regulations and support innovation in the sector.</p>
<p style="text-align: justify">With a new SEC chair, a reduction in lawsuits related to crypto assets and clearer regulations are anticipated. This could establish a more predictable and supportive environment for market participants.</p>
<p style="text-align: justify">Trump’s election may have significant implications for the SEC and crypto markets. The appointment of a new SEC chair appears to be critical for the future of the crypto sector, making it essential for market actors to be prepared for potential changes.</p>
<p>The post <a href="https://en.coin-turk.com/donald-trumps-victory-signals-potential-changes-for-sec-chair-gary-gensler/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Donald Trump’s Victory Signals Potential Changes for SEC Chair Gary Gensler</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Donald Trump’s Victory Signals Potential Changes for SEC Chair Gary Gensler

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