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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/gensler-faces-potential-dismissal-as-trump-promises-change-in-sec-leadership/" data-wpel-link="internal">Gensler Faces Potential Dismissal as Trump Promises Change in SEC Leadership</a> 
Gary Gensler is nearing the end of his tenure as the <a href="https://en.coin-turk.com/stablecoin-supply-growth-signals-potential-bitcoin-price-increase/" data-wpel-link="internal">SEC</a> chairman, hinted by Donald Trump’s intention to dismiss him. After years of attempting to regulate the <a href="https://en.coin-turk.com/bitcoin-surges-past-60000-will-the-rally-continue/" data-wpel-link="internal">cryptocurrency</a> industry through sanctions, Gensler made recent statements regarding cryptocurrencies. Speculation arises about whether he signaled his potential resignation. 
<h2 style="text-align: justify" id="gensler-s-statements-on-cryptocurrency">Gensler’s Statements on Cryptocurrency</h2> 
As this article was prepared, Bitcoin (BTC) experienced a rapid decline to $88,234, resulting in losses of up to 8% for many <a href="https://en.coin-turk.com/a-promising-altcoin-project-surges-over-240-will-the-rally-continue/" data-wpel-link="internal">altcoins</a>. Despite attempts at reaching all-time highs, such pullbacks are not surprising, as previously noted. In the subsequent hours, we might see further price movements that trigger significant liquidations, particularly in futures trading. 
Returning to Gensler’s comments, he reiterated his view that most cryptocurrencies qualify as securities during a speech at the 56th Annual Securities Regulation Institute of the Practical Law Institute. 
<blockquote> 
 “To put this into context, excluding Bitcoin, Ether, and stablecoins, the rest of this market is about $600 billion.” 
</blockquote> 
While he typically made ambiguous statements regarding ETH, he included it alongside BTC in his recent speech. 
<h2 style="text-align: justify" id="will-gensler-resign">Will Gensler Resign?</h2> 
Trump has stated he will dismiss Gensler, and sources suggest that he may resign after the elections, similar to previous presidents. However, he could still continue serving as a commissioner at the SEC. His latest remarks carried a tone of loyalty, especially being the first remarks following the elections. 
<blockquote> 
 “It was a great honor to serve alongside them, doing the public’s work and ensuring our capital markets remain the best in the world. I took pride in working with my colleagues who protect American families every day on the financial highways at the SEC.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-406813 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/gensler-kripto.png" alt="" width="682" height="522"> 
Given Trump’s clear promise to dismiss Gensler as an election pledge, it is likely he will follow through. Trump also promised to appoint a cryptocurrency-friendly candidate, a decision expected to be clarified soon. The Trump team is revealing names for significant public positions, and the SEC will likely come into focus shortly. 
The post <a href="https://en.coin-turk.com/gensler-faces-potential-dismissal-as-trump-promises-change-in-sec-leadership/" data-wpel-link="internal">Gensler Faces Potential Dismissal as Trump Promises Change in SEC Leadership</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Gensler Faces Potential Dismissal as Trump Promises Change in SEC Leadership

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