Gary Gensler’s resignation announcement aligns with crypto enthusiasts’ hopes for a pro-crypto administration under Trump, potentially leading to more favorable regulations for digital currencies.
Gensler remarked, 'The staff and the Commission are deeply mission-driven, focused on protecting investors, facilitating capital formation, and ensuring markets work for all stakeholders.' His comments emphasize dedication to integrity in the financial sector.
Despite Trump's previous anti-crypto stance, he has asserted plans to make America 'the crypto capital of the planet' and expressed intentions to reshape regulatory frameworks.
Under Gensler, the SEC has actively pursued major cryptocurrency firms like Binance and Coinbase, which has generated significant pushback from the crypto sector and heightened its involvement in federal elections.
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