Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), has suggested he might leave his position following Donald Trump's election win. This comes amidst heated debates over his crypto market policies.
Hint of Resignation
Following Trump's election victory, SEC Chair Gary Gensler hinted at a possible resignation. Speaking at the annual securities regulation conference, he highlighted his achievements, including increased transparency and regulation of the cryptocurrency market.
Division over Crypto Regulation
Gensler's crypto policy has been divisive. Some see his actions as necessary protections for investors, while others find them overly restrictive. The SEC, under his watch, approved the first Bitcoin futures ETF and more recently, physically-backed Bitcoin and Ether ETPs.
Legal Actions Against SEC
Amid his policies, 18 states filed a lawsuit against the SEC and Gary Gensler over their overreach in regulating the crypto sector.
Gary Gensler's potential resignation may lead to significant changes in cryptocurrency regulation. This serves as another chapter in the ongoing dispute over SEC's approach to the crypto market.
