SEC Chair Gary Gensler Hints at Resignation; Trump Could Boost Crypto Market

Nov 14, 2024, 07:48 PM

Gary Gensler, the current SEC Chair, hinted at his possible resignation in a statement today. His term is set to end in June 2026. If he resigns, former President Donald Trump would designate an acting SEC Chair from among the existing commissioners. This move could lead to the rescindment of SAB 121, which would be highly favorable for the cryptocurrency market. The potential new leadership is expected to significantly boost the value of major cryptocurrencies like Bitcoin and Ethereum.