Loading...
Market
What will be the most significant cryptocurrency regulatory change in the U.S. by end of 2025?
2
Resolution / Starting Odds
Pro-Bitcoin policies • 25%
Stricter regulations • 25%
No significant change • 25%
Other • 25%
Official government publications or credible news reports
Story
SEC Chair Gensler Hints at Resignation Amid Lawsuit; XRP Soars to $0.80
Nov 14, 2024, 08:02 PM
SEC Chair Gary Gensler delivered a speech at the Practicing Law Institute’s 56th Annual Institute in which he defended his regulatory approach to cryptocurrency markets, emphasizing investor protection and compliance. Gensler hinted at a possible resignation before his term ends in June 2026, stating he was "proud to serve" as SEC chair. This has led to widespread speculation within the crypto community about his imminent departure, possibly influenced by the incoming Trump administration, and the potential impact on crypto regulations. Notably, 18 states have sued the SEC and Gensler for "gross government overreach" in their anti-crypto agenda. Gensler also took credit for approving Bitcoin ETFs and noted that courts have supported his crackdown on crypto. The crypto market reacted positively to the news, with XRP's price surging to $0.80 and Bitcoin also experiencing gains. Michael Saylor, co-founder of MicroStrategy, commented that replacing Gensler would be "incredibly bullish for digital assets," predicting more pro-Bitcoin policies under new leadership.
View original story
Similar markets
Tax exemption for crypto • 25%
Stricter regulations • 25%
Introduction of a digital dollar • 25%
Other • 25%
Favorable to crypto • 25%
Unfavorable to crypto • 25%
Neutral impact • 25%
No change • 25%
Creation of Bitcoin reserve • 25%
Introduction of new crypto regulations • 25%
Launch of a U.S. government-backed digital currency • 25%
No significant development • 25%
Introduction of new regulations • 25%
Repeal of existing regulations • 25%
No significant changes • 25%
Other • 25%
Introduction of new regulations • 25%
Relaxation of existing regulations • 25%
Increased enforcement actions • 25%
No significant changes • 25%
Stricter regulations • 25%
Looser regulations • 25%
No change • 25%
Other changes • 25%
Transfer to CFTC • 25%
New SEC guidelines • 25%
Bipartisan bill • 25%
No major action • 25%
CFTC leads • 25%
SEC leads • 25%
Joint leadership • 25%
No change • 25%
New regulations implemented • 25%
Existing regulations upheld • 25%
Regulations relaxed • 25%
No significant change • 25%
Rollback of specific rule • 25%
Introduction of new pro-crypto rule • 25%
No significant change • 25%
Increased enforcement • 25%
Increased regulation • 25%
Decreased regulation • 25%
No change • 25%
Complete ban • 25%