As a seasoned researcher with a keen interest in financial innovation and regulatory policies, I can’t help but feel a sense of anticipation as Gary Gensler prepares to depart from the SEC. My personal experience has led me to believe that change is often necessary for progress, and this seems to be one such instance.
The cryptocurrency industry is already busy celebrating the upcoming departure of U.S. Securities and Exchange Commission Gary Gensler.
According to a report by U.Today, I’ve learned that Chairman Gensler plans to depart from the SEC on January 20th, as he announced on Thursday.
Crypto industry leaders celebrated when they learned about Gensler’s resignation, as it might signal an end to the period known as “enforcement-based regulation.
Brad Garlinghouse, the CEO of Ripple and a known critic of Gary Gensler, posted a jocular remark on social media regarding Gensler’s potential resignation around Thanksgiving.
This Thanksgiving, I’m thankful for…
— Brad Garlinghouse (@bgarlinghouse) November 21, 2024
According to U.Today, Ripple’s CEO has criticized the head of the SEC, referring to him as a “Luddite” of his time due to his negative stance towards cryptocurrency, which some believe is hindering financial innovation in the United States. Chris Larsen, co-founder of Ripple, went so far as to call Gensler the worst public servant ever.
Under the guidance of Gensler, the Securities and Exchange Commission (SEC) focused on several significant cryptocurrency companies, including the American cryptocurrency exchange leader, Coinbase, by taking enforcement measures against them.
Paul Grewal, the top lawyer at Coinbase, stated on Twitter that his mom taught him if he didn’t have anything positive to share, it was best not to say anything. Therefore, he chose to remain silent in this instance.
For now, it remains unclear who is going to replace Gensler as the next SEC head.
As reported by Charles Gasparino of Fox Business, it appears that Paul Atkins is the prime contender to succeed Gensler at this time. Yet, for the moment, Dan Gallagher from Robinhood continues to lead as the favored pick in the betting market.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- XDC PREDICTION. XDC cryptocurrency
- APU PREDICTION. APU cryptocurrency
- USD PHP PREDICTION
- USD GEL PREDICTION
- EUR NZD PREDICTION
- DUSK PREDICTION. DUSK cryptocurrency
- CHEEMS PREDICTION. CHEEMS cryptocurrency
- USD COP PREDICTION
2024-11-21 23:11