Gary Gensler's resignation as SEC chair after President-elect Trump’s inauguration has significantly impacted cryptocurrency markets, leading to a sharp increase in values, including Bitcoin.
Despite his tenure focused on increasing regulatory power, Gensler faced legal challenges that hindered his attempts to regulate cryptocurrencies and other markets effectively.
As cryptocurrencies surged in value following Gensler's announced departure, the market capitalization reached a record $3.4 trillion, indicating a growing preference for digital assets.
Gensler expressed gratitude for his role in the SEC and noted that the agency enforced laws impartially, despite facing criticism and challenges during his leadership.
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