Gary Gensler will resign on Jan 20 - 2025

[rdluffy]

I just saw the news on X
Gary Gensler will resign on Jan 20 - 2025 


Source

It looks like things will change there, will the Trump administration really be pro-crypto?

What do you think of the news?

[electronicash]

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.

[Rruchi man]

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.

[Bobcrypto]

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.

[Zed0X]

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.

[kai]

I just saw the news on X
Gary Gensler will resign on Jan 20 - 2025 


=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.

[bitterguy28]

I just saw the news on X
Gary Gensler will resign on Jan 20 - 2025 


=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

[yhiaali3]

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.

[ABCbits]

=https://x.com/GaryGenslerSource

Your link/BBcode is broken, the correct one is https://x.com/GaryGensler. SEC website also released press release about it on 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.

[rdluffy]

Your link/BBcode is broken, the correct one is https://x.com/GaryGensler. SEC website also released press release about it on 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

[TomPluz]

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.

[robelneo]

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.

[ZAINmalik75]

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.

[Z-tight]

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.

[rdluffy]

...

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...