Gary Gensler will resign on Jan 20 - 2025

[LogitechMouse]

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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.

[MrSpasybo]

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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.

[armanda90]

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.

[bitmover]

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?

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

[Playboy]

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.

[KingsDen]

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.

[Gurujebs]

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.

[Charles-Tim]

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.

[rdluffy]

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

[Faisal2202]

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.