Pro XRP Lawyer Outlines Gary Gensler’s Options If Donald Trump Win

As an analyst with over two decades of experience in financial markets and regulatory policy, I find myself intrigued by the speculations surrounding Gary Gensler’s potential future under a Trump administration. While it is not uncommon for agency heads to resign when a new president takes office, the unique dynamics between Trump and Gensler could lead to an interesting turn of events.


As speculation grows about Donald Trump potentially becoming president in 2024, there’s been talk about what might happen to the current US Securities and Exchange Commission Chair, Gary Gensler. A legal expert who supports XRP and frequently shares comments online, MetaLawMan, has suggested several potential outcomes for Gensler if Trump were to win the presidency.

The attorney, recognized for his insights into regulatory issues, outlined possible routes that Gensler could follow under a presidency led by Trump.

Gary Gensler’s Possible Resignation or Removal

As a crypto investor, I’ve learned from MetaLawMan that historically, heads of agencies step down when a new president takes office. In this case, he mentioned that Gensler might choose the traditional route, similar to Jay Clayton who stepped down shortly after President Biden’s inauguration in 2020. This move could pave the way for a Trump administration to appoint a new SEC Chair who aligns with their policy views.

If Gensler doesn’t step down on his own accord, MetaLawMan proposes that Trump might ask for Gensler’s resignation at the start of his term. If Gensler agrees, this move would facilitate the transition process and reduce potential disturbances at the U.S. Securities and Exchange Commission (SEC). However, if Gensler decides to remain in his position, Trump could possibly transfer him to a different role within the SEC, but such an action would necessitate a solid legal and procedural rationale.

One potential turn of events might be Trump deciding to dismiss Gensler should he refuse to step down. If Gensler were to contest his termination in court, it could lead to a protracted legal dispute. MetaLawMan opines that if Gensler chooses this course of action, he may very well lose the case in court. However, the proceedings might stretch on for several months. To date, there’s no Supreme Court ruling directly addressing a president’s power to terminate an SEC Commissioner, which could ignite intense legal debates. If Gensler opts for this path, it could establish a new legal precedent and potentially cause delays within the SEC during a crucial time of regulatory transformations.

Speculations on US SEC Chair Career Path

With talks growing about his possible resignation, some analysts are pondering where Gensler may go next if he decides to step down. According to MetaLawMan’s predictions, many believe Gary Gensler could shift into significant positions in academic circles or international organizations, such as the Council on Foreign Relations or the International Monetary Fund.

It’s also thought that Gensler might be appointed to corporate boards or take on leadership positions in the private sector, due to his background in regulation and political ties.

Experts believe that Gensler’s extensive background and expertise in financial regulations makes him a highly suitable choice for institutions dealing with global economic policy. However, some have voiced apprehensions about potential future appointments within Democratic administrations, such as Treasury Secretary or Federal Reserve Chairman, given his possible involvement in shaping policies related to digital asset regulation.

Donald Trump’s Increasing Odds on Polymarket

It appears that betting platforms based on blockchain technology indicate a growing likelihood of Donald Trump’s victory in the 2024 election. On Polymarket, a significant investor, frequently referred to as a “whale,” has invested more than $7 million backing Trump. This substantial investment has boosted Trump’s chances to over 66.7%, while Kamala Harris currently stands at around 33.4%.

As a crypto investor, I’ve noticed that large amounts of funding are being poured into Trump’s campaigns through various platforms. Some analysts suggest that these decentralized prediction markets might provide a more prompt representation of public opinion compared to conventional surveys, as they tap into the collective wisdom of many participants.

At the same time, in a recent podcast, Howard Lutnick, CEO of Professional Capital Management, emphasized that Trump’s economic strategies bolstered job creation and shielded American industries. “His ‘America First’ policy contributed to achieving 3% GDP growth and wage rises,” Lutnick pointed out, distinguishing this from what he referred to as inflationary impacts under the current Democratic administration’s policies.

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2024-10-29 18:58