Gary Gensler’s time is ticking

[bitterguy28]

the us sec chair, gary gensler’s term will end on jan 5 2026

however even before his term expires, he might vacant the position sooner than anticipated it has been seen almost like a tradition that if an opposing party wins the presidency, the sec chair steps down and if trump wins most likely gensler might step down

even if he doesn’t, trump has promised he will fire him anyway and even if kamala harris wins his term will expire soon as well

bottom line is he will eventually leave the position and i am sure once he does it will leave a positive impact on the market other leaders seem to not like gensler’s approach to crypto and many will be interested in his position

[Jating]

the us sec chair, gary gensler’s term will end on jan 5 2026

however even before his term expires, he might vacant the position sooner than anticipated it has been seen almost like a tradition that if an opposing party wins the presidency, the sec chair steps down and if trump wins most likely gensler might step down

even if he doesn’t, trump has promised he will fire him anyway and even if kamala harris wins his term will expire soon as well

bottom line is he will eventually leave the position and i am sure once he does it will leave a positive impact on the market other leaders seem to not like gensler’s approach to crypto and many will be interested in his position

SEC Chairmanship in the US is being appointment by the US President himself, and with that it's coterminous, so it Trump wins then obviously Uncle Gary is out of his position as Trump will nominate his own SEC Chair.

If Kamala Harris wins, then maybe the term of Gensler might be extended as for sure the Dems is satisfied as how he handles the job specially going after crypto projects and it's hard line stance on crypto in general.

[TomPluz]

If Kamala Harris wins, then maybe the term of Gensler might be extended as for sure the Dems is satisfied as how he handles the job specially going after crypto projects and it's hard line stance on crypto in general.

When Karmala was asked what are the things she would do differently than Biden, she could not think of anything. That means that if there will be a big miracle and she will get the plum post then Gary Gensler will stay...and on this case there is no comment coming from Karmala that she would fire Gary Gensler unlike Trump who is so vocal against this man. This also means that Karmala is just paying lip service to the cryptocurrency industry in USA and she would continue the lawfare waged against it as personified by the SEC Chair and that she is just showing support for us just to get the votes she needs but is not really serious on what she is saying and doing. Good to know that come January 20, 2025, Donald J. Trump will be inaugurated as the 47the POTUS. Karmala right now is collapsing and early voting is indicating on this...and on November 5, 2024 she would have the taste of a bitter medicine...Americans are saying a BIG NO to her woke and socialism agenda.

[target]

It's uncertain who will replace him too. If Gary is replaced by someone friendlier to crypto then we're gonna have better market and maybe we can expect more altcoins ETF, hope so.

It might be bad news if it's Kamala to win over Trump. Who do you think will appointed on SEC if Trump wins?

Lumis is known to be a crypto senator. : )  Elon musk be given position

[hugeblack]

Do you think the laws could give Trump the power to fire Gensler^[1] and even if they do, do you think it's a top priority? I don't know but during Gary Gensler's time and despite all the negative statements, bitcoin ETFs were passed during this time, and all the regulatory tightening is due to what happened with FTX.




[1] https://fortune.com/crypto/2024/08/06/trump-says-he-would-fire-sec-chair-gary-gensler-on-day-one-its-not-that-easy/

For starters, the SEC is an independent federal agency, and its commissioners, including the chair, enjoy certain protections from arbitrary removal to maintain the agency’s independence from political influence. Therefore, the President does not have the authority to remove the SEC chair without cause. This protection ensures that the regulatory actions and decisions of the SEC are based on law and policy considerations rather than political pressures.

[Coincollector]

the us sec chair, gary gensler’s term will end on jan 5 2026

however even before his term expires, he might vacant the position sooner than anticipated it has been seen almost like a tradition that if an opposing party wins the presidency, the sec chair steps down and if trump wins most likely gensler might step down

even if he doesn’t, trump has promised he will fire him anyway and even if kamala harris wins his term will expire soon as well

bottom line is he will eventually leave the position and i am sure once he does it will leave a positive impact on the market other leaders seem to not like gensler’s approach to crypto and many will be interested in his position

I believe everything is gearing towards the bulk run early next year. Yes if he vacates his position. We'll see a refreshed market trend and probably favorable laws towards crypto adoption. Let's see how it plays out.

[hugeblack]

I believe everything is gearing towards the bulk run early next year. Yes if he vacates his position. We'll see a refreshed market trend and probably favorable laws towards crypto adoption. Let's see how it plays out.

In case you didn't read the date correctly, January 5, 2026, Gary Gensler will be in the bull market and the new SEC will start with the crypto winter.

[Themepen]

When Karmala was asked what are the things she would do differently than Biden, she could not think of anything. That means that if there will be a big miracle and she will get the plum post then Gary Gensler will stay...and on this case there is no comment coming from Karmala that she would fire Gary Gensler unlike Trump who is so vocal against this man. This also means that Karmala is just paying lip service to the cryptocurrency industry in USA and she would continue the lawfare waged against it as personified by the SEC Chair and that she is just showing support for us just to get the votes she needs but is not really serious on what she is saying and doing. Good to know that come January 20, 2025, Donald J. Trump will be inaugurated as the 47the POTUS. Karmala right now is collapsing and early voting is indicating on this...and on November 5, 2024 she would have the taste of a bitter medicine...Americans are saying a BIG NO to her woke and socialism agenda.

Kamala Harris dim attitude on cryptocurrency regulation has raised eyebrows especially since she did not provide clear answers on how she differ from Biden. This lack of clarity has led some to believe she might continue current administration policies which could include keeping Gary Gensler as SEC Chair and maintaining regulatory scrutiny over cryptocurrency.

Except this Donald Trump has expressed support for cryptocurrency even proposing strategic bitcoin reserve. By the way his views on cryptocurrency have been inconsistent in past leaving room for uncertainty. Globally cryptocurrency regulations are evolving. In US developments in 2023 brought country closer to regulatory framework but federal legislative efforts have stalled. European Union has introduced comprehensive cryptocurrency regulations known as Markets in Crypto-Assets Regulation (MiCA).

[bitterguy28]

It might be bad news if it's Kamala to win over Trump. Who do you think will appointed on SEC if Trump wins?

if trump wins for sure he would not only be appointing those who are friendly to crypto but also those that have been on his side since starting with Paul Atkins

Paul atkins has been co-chair of an association focusing on digital assets and blockchain technology and he has been leading this association since 2017 so we know it’s not all pretense

another one is hester peirce who has been very vocal about being against gensler’s approach to crypto and seems to want to create very clear guidelines instead of trying to walk around the industry with a blindfold on

[MrSpasybo]

It's uncertain who will replace him too. If Gary is replaced by someone friendlier to crypto then we're gonna have better market and maybe we can expect more altcoins ETF, hope so.

It might be bad news if it's Kamala to win over Trump. Who do you think will appointed on SEC if Trump wins?

Lumis is known to be a crypto senator. : )  Elon musk be given position

Indeed, this is precisely what we've been anticipating: a more crypto-friendly stance from the SEC, or at least a recognition that they can no longer unilaterally target the industry. I view this as a necessary condition for crypto to flourish in the US and subsequently worldwide without facing the constant hurdles and FUD we've encountered.

Cynthia Lummis is the most frequently mentioned candidate, and I personally support her as the next SEC Chair. As for Gary Gensler, I don't believe he'll exit the political arena on a losing note. It's possible he'll transition to the role of Treasury Secretary, given his efforts to suppress crypto, thus providing Wall Street firms ample time to enter the market during his tenure.

[Z-tight]

I hope so, Gary Gensler has continually attacked crypto projects and firms, and he and the sec are not stopping anytime with their use of enforcement to regulate crypto services. If he will cease being the sec chairman, then it is a good news for the crypto industry and hopefully the new chairman will not adopt such policies.

[bitterguy28]

I hope so, Gary Gensler has continually attacked crypto projects and firms, and he and the sec are not stopping anytime with their use of enforcement to regulate crypto services. If he will cease being the sec chairman, then it is a good news for the crypto industry and hopefully the new chairman will not adopt such policies.

so many people in the sec are publicly voicing their concerns against gensler’s decisions so i am pretty confident that there are many authorities that may be put into position that knows how important and beneficial crypto can be to the country and how can they make sure it benefits them the most

gensler is just not doing a really good job even if he was against crypto he still need to make sure there are proper protocols in place and he won’t just be sniping down all crypto projects

[Jating]

If Kamala Harris wins, then maybe the term of Gensler might be extended as for sure the Dems is satisfied as how he handles the job specially going after crypto projects and it's hard line stance on crypto in general.

When Karmala was asked what are the things she would do differently than Biden, she could not think of anything. That means that if there will be a big miracle and she will get the plum post then Gary Gensler will stay...and on this case there is no comment coming from Karmala that she would fire Gary Gensler unlike Trump who is so vocal against this man. This also means that Karmala is just paying lip service to the cryptocurrency industry in USA and she would continue the lawfare waged against it as personified by the SEC Chair and that she is just showing support for us just to get the votes she needs but is not really serious on what she is saying and doing. Good to know that come January 20, 2025, Donald J. Trump will be inaugurated as the 47the POTUS. Karmala right now is collapsing and early voting is indicating on this...and on November 5, 2024 she would have the taste of a bitter medicine...Americans are saying a BIG NO to her woke and socialism agenda.

Trump is vocal anti-Gensler because it's obvious that it was the Dems that put him in power as I have said, they are coterminous. So he will only be replace if Trump wins, or if Kamala wins but she wanted another guy, a new person to hold that position.

But for us crypto enthusiast, Gary should really be ousted in the office for his anti-crypto stance. And throughout his terms, we didn't move forward in the US and when in fact they really trying to curb crypto in general.

[yhiaali3]

Do you think the laws could give Trump the power to fire Gensler^[1] and even if they do, do you think it's a top priority? I don't know but during Gary Gensler's time and despite all the negative statements, bitcoin ETFs were passed during this time, and all the regulatory tightening is due to what happened with FTX.

[1] https://fortune.com/crypto/2024/08/06/trump-says-he-would-fire-sec-chair-gary-gensler-on-day-one-its-not-that-easy/

However, most likely when a new president wins, a new administration will come in and the old one will step down, so I think it is the new president’s prerogative to decide who stays and who goes, so if Trump wins, Uncle Gary will go.

No one denies that his vote was the one that led to the approval of bitcoin ETFs, but despite that, he is not very popular in the crypto community due to his hardline stance and his hostility towards most companies, I think his departure would be better for the industry.

[hugeblack]

However, most likely when a new president wins, a new administration will come in and the old one will step down, so I think it is the new president’s prerogative to decide who stays and who goes, so if Trump wins, Uncle Gary will go.

This is true if we are talking about political positions, but since SEC is an independent agency of the United States federal government, and to change SEC, a new law is needed to be approved from Congress, or in other words, the matter must be a priority for Trump, + the Republicans + the Democrats,