Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: rdluffy on November 21, 2024, 07:36:39 PM
-
I just saw the news on X
Gary Gensler will resign on Jan 20 - 2025 :o
(https://i.ibb.co/26Pppgb/GG.png) (https://imgbb.com/)
Source (https://x.com/GaryGensler/status/1859658192298574096)
It looks like things will change there, will the Trump administration really be pro-crypto?
What do you think of the news?
-
i guess the news is one of the reason that made coins shoots this day that we are almost reaching $100k. this guy had been the most hated in crypto for going 180 from crypto supporter that he taught blockchain in MIT and then suddenly just become the antagonist. according to one article, SEC accumulated more than $80B from penalizing and then only returns $2B. now he is finally resigning, it merits partey.
and with the crypto regulation being passed, more money will be coming to crypto soon.
-
It looks like things will change there, will the Trump administration really be pro-crypto?
What do you think of the news?
It will set the momentum for the new year, 2025 will be good for cryptocurrency and that is what this indicates. We will see 100k before the end of the year, with a new SEC chairman who is a supporter of crypto, we can see 130k by the end of January.
-
I think Gary Gensler has made his contribution to the SEC, unfortunately he was not crypto friendly, and deserves to leave for a better professional who understands how Cryptocurrency works to come on board.
At this point, i personally wish him far well in advance and his future endeavors.
Honestly, Gary Gensler tenure as SEC chairman was not rosy for the crypto community, and I believe that many enthusiast and the community will never experience anyone like him in the future.
-
It's the least he could do because he knows very well he couldn't work well under the incoming Trump administration. Anyway, we'll see who the next one will be and what he'll do to further expand crypto's mass adoption. I hope we don't see another one with friendly approach in the beginning but also ends up declaring almost everything as security.
-
I just saw the news on X
Gary Gensler will resign on Jan 20 - 2025 :o
(https://i.ibb.co/26Pppgb/GG.png) (https://imgbb.com/)
=https://x.com/GaryGenslerSource (http://=https://x.com/GaryGenslerSource)
I am very happy with this news because Gary Gensler has always given FUD to cryptocurrency several times. As a member who likes cryptocurrency, I certainly don't like the decisions made by Gary Gensler. So, when he stepped down from the SEC, I was very happy.
It looks like things will change there, will the Trump administration really be pro-crypto?
I think so because during his campaign he often said that Donald Trump is pro-crypto. If he is not pro-crypto then we should be prepared for the price drop of every cryptocurrency including the price drop of Bitcoin.
What do you think of the news?
Logically, this is good news and will definitely give something positive to the cryptocurrency market and the result will also definitely give the market a bullish turn. This morning I also saw the price of Bitcoin reaching 98,100 dollars and maybe the effect of Gary Gensler is going down too.
-
I just saw the news on X
Gary Gensler will resign on Jan 20 - 2025 :o
(https://i.ibb.co/26Pppgb/GG.png) (https://imgbb.com/)
=https://x.com/GaryGenslerSource (http://=https://x.com/GaryGenslerSource)
we all did expect this to happen trump did promise to fire gary gensler if he were elected and he did get elected and it was only a matter of time before he got to organizing all the people in position that will be working with him i guess by gary gensler willingly stepping down allows him a little bit of pride and a little less of humiliation by getting fired all previous sec chairs did step down after all when the opposing party wins it just so happens that its trump this time
It looks like things will change there, will the Trump administration really be pro-crypto?
What do you think of the news?
yeah many politicians elected are also pro crypto this is exciting and might even boost bitcoin and other cryptocurrencies what an exciting moment for the crypto industry
-
Yes I read the good news today, I think Gary made the right decision before he was fired, he is hated by everyone and it is better for him to go.
I see things are going better in the new Trump administration, from the leaks we read in the media we see that there are pro-crypto figures being appointed so I expect we will see big changes in favor of crypto during Trump's second term.
This positive news is reflected in the Bitcoin price as we are close to achieving 100K for the first time.
-
=https://x.com/GaryGenslerSource (http://=https://x.com/GaryGenslerSource)
Your link/BBcode is broken, the correct one is https://x.com/GaryGensler (https://x.com/GaryGensler). SEC website also released press release about it on https://www.sec.gov/newsroom/press-releases/2024-182 (https://www.sec.gov/newsroom/press-releases/2024-182).
What do you think of the news?
It's not surprising. It looks better if he voluntary resign than waiting to be kicked/fired from his position. Although we have yet to see who'll replace him.
-
Your link/BBcode is broken, the correct one is https://x.com/GaryGensler (https://x.com/GaryGensler). SEC website also released press release about it on https://www.sec.gov/newsroom/press-releases/2024-182 (https://www.sec.gov/newsroom/press-releases/2024-182).
Thanks, I've corrected it hehe ;)
I think Gary Gensler has made his contribution to the SEC, unfortunately he was not crypto friendly, and deserves to leave for a better professional who understands how Cryptocurrency works to come on board.
At this point, i personally wish him far well in advance and his future endeavors.
Honestly, Gary Gensler tenure as SEC chairman was not rosy for the crypto community, and I believe that many enthusiast and the community will never experience anyone like him in the future.
To be honest, I don't blame him so much, but cryptos arrived so “quickly” that many haven't been able to assimilate and can't make the transition to a crypto economy
The bad thing is that the United States lost a few years that could have been at the forefront of the market
-
I am 100% sure that GARY GENSLER will go down in the history of cryptocurrency as one of the most HATED personalities on the side of the government. He launched what is called as "regulations by enforcements" without working to clarify things for all players to follow. And with the TRUMP administration coming in, he should go. And he should be given that proverbial WALK OF SHAME so he should not be imitated by anyone to take charge as the SEC Chairman. As promised by Trump, a new SEC Chairman that is crypto-friendly while still enforcing the right balance of law and concern will be appointed soon.
-
It looks like things will change there, will the Trump administration really be pro-crypto?
What do you think of the news?
This is normal if there is a new administration coming and your policy and beliefs are in contrast with the new administration; its good for the cryptocommunity, and he cannot change his policies and beliefs just to hold on to his position because he is someone who is hated by the cryptocommunity.
We just hope that the one who will replace Gensler is someone who is lenient to cryptocurrency and will work with the Trump administrator on everything about cryptocurrency.
-
It looks like things will change there, will the Trump administration really be pro-crypto?
What do you think of the news?
Yes Trump administration will be a pro crypto there are words of creating a separate department for cryptocurrency in the white house and other than this from historic point whenever governments changes the support of that government when gone are also gone and they resign their posts to save them from any problems even he had time to be as chairman of SEC till 2026.
His resign new can be fake but till now there was not offical denial on the news so he will resign and that is for the best of crypto industry. The next candidates of for SEC chairman are all pro crypto they are also crypto friendly.
-
It looks like things will change there, will the Trump administration really be pro-crypto?
During the campaign, Trump has hinted at this, but a lot of us do not fully believe him, many people believe him though and that is why i am sure he won the votes of the crypto community in the U.S.. However, you should understand that there is little that a centralized government can do for a decentralized network like BTC, so lower your expectations.
-
...
Yes Trump administration will be a pro crypto there are words of creating a separate department for cryptocurrency in the white house and other than this from historic point whenever governments changes the support of that government when gone are also gone and they resign their posts to save them from any problems even he had time to be as chairman of SEC till 2026.
His resign new can be fake but till now there was not offical denial on the news so he will resign and that is for the best of crypto industry. The next candidates of for SEC chairman are all pro crypto they are also crypto friendly.
If they do create such a department, and there are people working pro-crypto in the US, I'm sure they will create a regulation that could attract many companies and capital back to the US, since the regulation was not so clear and many people left the US for fear of the SEC and the lawsuits
I'm very curious as to how they're going to deal with some of the more delicate issues such as mixers, online casinos with crypto and airdrops...
-
---
It looks like things will change there, will the Trump administration really be pro-crypto?
What do you think of the news?
Despite of him accepting those ETFs from various companies, he has been known by the crypto community as an anti-crypto.
Aside from that, I guess he already knows that he will be fired as soon as Trump sits as the new president, so he just said it in advance. We knew it already that it will be the same outcome. He will be out as the SEC chairman.
As for the pro-crypto thing, well I guess if we will base on his promises, it looks like this administration will be a pro-crypto administration although I don't expect too much still for him, but it's good to see if Trump will make some things that will benefit us retail investors or at least all of the investors.
-
---
It looks like things will change there, will the Trump administration really be pro-crypto?
What do you think of the news?
Despite of him accepting those ETFs from various companies, he has been known by the crypto community as an anti-crypto.
Aside from that, I guess he already knows that he will be fired as soon as Trump sits as the new president, so he just said it in advance. We knew it already that it will be the same outcome. He will be out as the SEC chairman.
As for the pro-crypto thing, well I guess if we will base on his promises, it looks like this administration will be a pro-crypto administration although I don't expect too much still for him, but it's good to see if Trump will make some things that will benefit us retail investors or at least all of the investors.
The reality is that Gary Gensler will not be fired, but his views and management style will not be suitable for a new president from another party, his resignation is necessary for the US to have a new, more progressive SEC president.
Gensler was expected to be a crypto supporter because he was a big fan of blockchain, especially Algorand, but things have not been that simple. I guess Gensler is serving a certain force that wants to stifle the development of crypto and pave the way for Wall Street firms to participate. That is also the reason why we have BTC & ETH Spot ETFs despite the SEC being known as an anti-crypto agency.
-
Gary Gensler news resign have bring good news for coins have conflict or cases with SEC Commission and XRP coins for the first time hit to $1,5. I don't think easy for XRP have longer time get cases with SEC Commission and Gary Gensler controlling that instution make XRP coins difficult break higher price.
Donald Trump have announced before about potential sacking Gary Gensler from his position at SEC Commission, he want that position filled by people have friendly viewed with cryptocurrency exactly his promised at the campaign election. Now the era for some coins have got cases before with SEC Commission and resign of Gary Gensler bring positive impact to make some coins hit higher price.
-
I just saw the news on X
Gary Gensler will resign on Jan 20 - 2025 :o
(https://i.ibb.co/26Pppgb/GG.png) (https://imgbb.com/)
Source (https://x.com/GaryGensler/status/1859658192298574096)
It looks like things will change there, will the Trump administration really be pro-crypto?
What do you think of the news?
We will probably see a Solana ETF really soon.
And many other altcoins etf.
Maybe even a doge coin etf? Or a basket of many memecoins in an etf
-
I am almost sure I came across something on this platform that mentioned ensuring Gary stepped down was one of Trump's 10 promise directed at Crypto when he was doing his campaign.
-
I’ve seen a lot of buzz in the crypto community about Gary Gensler's resignation, and people seem excited about the news. However, it’s not over yet. What I’m really curious about is who will take over after Gensler. We’re hoping for a replacement who genuinely cares about crypto and not just about holding the office.
-
I am almost sure I came across something on this platform that mentioned ensuring Gary stepped down was one of Trump's 10 promise directed at Crypto when he was doing his campaign.
Exactly, Trump made that promise because that Gary Gensler has made crypto unfriendly to people and has done some bad investigations in traditional markets that Trump isn't happy about and now that Trump has won, he will be getting fired definitely but I think he is trying to avoid the embarrassment and want to leave before Trump comes to the office.
One of his promises is already working and let's hope he fulfill the rest of the promise he made about Bitcoin so that there is going to be an easy understanding between the tradition market and crypto market.
-
i guess the news is one of the reason that made coins shoots this day that we are almost reaching $100k. this guy had been the most hated in crypto for going 180 from crypto supporter that he taught blockchain in MIT and then suddenly just become the antagonist.
Do not forget that coins has been rising since 2023. It was him that approved bitcoin ETF. Because people knew he will approve bitcoin ETF, people sentiment result to more buy that increased bitcoin price.
What I am sure about is that Gary Gensler is not someone that is power enough like a president that its absence out of office will result to increase in the price of cryptocurrencies.
-
i guess the news is one of the reason that made coins shoots this day that we are almost reaching $100k. this guy had been the most hated in crypto for going 180 from crypto supporter that he taught blockchain in MIT and then suddenly just become the antagonist.
Do not forget that coins has been rising since 2023. It was him that approved bitcoin ETF. Because people knew he will approve bitcoin ETF, people sentiment result to more buy that increased bitcoin price.
What I am sure about is that Gary Gensler is not someone that is power enough like a president that its absence out of office will result to increase in the price of cryptocurrencies.
In my opinion, they only got the BTC ETFs because there was enormous pressure from all the big investment firms, especially BlackRock
The bad thing about the SEC in recent years has been the fact that many companies are afraid of the US and of being sued from one day to the next without any plausible justification.
It may be that clearer, more lenient regulation will now bring companies back
-
It looks like things will change there, will the Trump administration really be pro-crypto?
What do you think of the news?
I think this is the most bullish news and when he made that statement market pumped as well but for now it's taking small corrections and maybe more correction is on the way. The news at that time made people money and the day he will resign market will pump again and alts too. I just wish the person who will take his place must be a good guy and friendly to the crypto.
The cases that SEC opened against several platforms are not going to be just closed by will be invested by the upcoming government and that government is crypto friendly so maybe some free hand will be given to all platforms or the deserving ones.
Overall, the market is still bullish and till 20 it will remain volatile but after that it will surely pump. NFA so DYOR.