• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Trump initiates Gensler's replacement at SEC with a pro-crypto leader

user avatar

by Giorgi Kostiuk

2 years ago

Donald Trump’s pledge to replace SEC Chair Gary Gensler has sparked excitement among cryptocurrency enthusiasts.

Gensler’s Possible Successor

Donald Trump’s victory in the US presidential elections has energized the crypto sector due to his shift from skepticism to support for digital assets. He expressed intent to fire SEC Chair Gary Gensler on his first day, which excited the XRP community. Journalist Eleanor Terrett mentioned she spoke to a source close to the transition team who assured her the new chair would be pro-crypto.

I promise you it will be someone pro-crypto.Eleanor Terrett

The Potential Effect on the Case

Attorney Fred Rispoli believes Trump’s election could bring significant changes to SEC's operations. He argued that the $125 million fine imposed on Ripple is the largest achievement for the agency. Rispoli anticipates that new leadership will recognize the futility of the case and opt for settlement.

A new SEC Chair more open to innovation could be a positive development for the whole digital asset market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

SparkKitty Malware Campaign Exposed by Check Point

chest

A report from Check Point reveals the SparkKitty malware campaign targeting cryptocurrency users by scanning photos on infected devices for sensitive information.

user avatarRajesh Kumar

Shiba Inu Token Experiences Remarkable 22% Surge

chest

Shiba Inu has experienced a significant price increase of nearly 22% in just one week, marking a notable change after a long period of stagnation.

user avatarFilippo Romano

Congress Proposes AI Kill Switch Legislation

chest

Congress members propose the AI Kill Switch Act to give the federal government authority to shut down AI models.

user avatarEmily Carter

Frax Governance Discusses Proposal for Early Redemptions from Locked Ethereum Pools

chest

Frax governance is discussing a proposal for early redemptions from locked Ethereum pools with a 4% penalty fee directed to the Frax treasury.

user avatarTomas Novak

Frax Governance Proposes Morpho Lending Market for bdUSD and frxUSD

chest

Frax governance is discussing a proposal to create a Morpho lending market for bdUSD and frxUSD to enhance stablecoin liquidity and borrowing demand.

user avatarKaterina Papadopoulou

EigenLayers Forum Engages in ELIP018 Proposal Discussion

chest

The EigenLayers forum is currently engaged in a debate over the draft proposal ELIP018, which introduces a framework known as RETIRE, aimed at providing a terminal exit route for restakers.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.