President Trump

Gary

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/gary-gensler-announces-departure-from-sec-following-crypto-industry-backlash/" data-wpel-link="internal">Gary Gensler Announces Departure from SEC Following Crypto Industry Backlash</a><br></p>
<p style="text-align: justify">Gary Gensler, the head of the SEC, has faced significant resistance from the <a href="https://en.coin-turk.com/changpeng-zhao-launches-giggle-academys-alpha-version-for-children/" data-wpel-link="internal">cryptocurrency</a> industry over the past four years due to his enforcement actions. This has led to growing frustration among crypto investors, culminating in the announcement of his departure date from the SEC. Gensler will officially leave his position as Chairman on January 20, 2025.</p> 
<h2 style="text-align: justify" id="gensler-s-resignation">Gensler’s Resignation</h2> 
<p style="text-align: justify">According to the official announcement from the SEC, Gensler’s resignation has coincided with a rise in XRP Coin price, which is approaching $1.16. Furthermore, other altcoins awaiting ETF approvals, such as XRP, <a href="https://en.coin-turk.com/solanas-remarkable-surge-in-the-crypto-market/" data-wpel-link="internal">SOL</a>, and <a href="https://en.coin-turk.com/inscription-frenzy-in-the-avalanche-ecosystem/" data-wpel-link="internal">AVAX</a>, may experience a more substantial increase in the hours to follow due to this event.</p> 
<h2 style="text-align: justify" id="political-implications">Political Implications</h2> 
<p style="text-align: justify">Former President Trump had previously stated that he would appoint a “crypto-friendly” chairman to replace Gensler as part of his election pledge. Gensler’s perceived animosity towards the crypto sector has turned into a political advantage for Trump, potentially aiding his campaign efforts.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-408926 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/XRPUSDT_2024-11-21_21-07-42.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">In his farewell statement, Gensler expressed pride in working with SEC staff throughout his tenure. He thanked President Biden for the opportunity and emphasized the Commission’s mission to enforce the law impartially and without favoritism.</p> 
<p style="text-align: justify">During congressional hearings, Gensler faced intense scrutiny, and SEC personnel were often ridiculed for inconsistencies. With Gensler’s departure, the crypto industry is now looking forward to regulations that support innovation.</p> 
<p>The post <a href="https://en.coin-turk.com/gary-gensler-announces-departure-from-sec-following-crypto-industry-backlash/" data-wpel-link="internal">Gary Gensler Announces Departure from SEC Following Crypto Industry Backlash</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Gary Gensler Announces Departure from SEC Following Crypto Industry Backlash

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