By Nermeen Nabil Khear 
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler will likely hand in his resignation before President-elect Donald Trump’s inauguration next year, according to a former official of the agency.
During an Ask Me Anything (AMA) session on social media platform X, former head of the SEC’s Office of Internet Enforcement John Reed Stark says that like most of the regulators’ chairs he has worked with, Gensler will likely leave his post following Trump’s victory in the presidential election.
“Most of the time, they just resigned because they know that a new chair is going to be appointed.”
Stark speculates that SEC Commissioner Hester Peirce, who has been vocally pro-crypto and critical of the regulator’s restrictive stance on the industry, could be the next chair.
“The president will immediately appoint someone to be acting chair and that would usually be the senior member of that party, so in this case, that would be Hester Peirce since she has been there longer.”
Under Gensler, the SEC launched regulatory actions against Coinbase, Uniswap Labs, Binance and others.
Stark says a friendlier regulatory approach is coming to crypto with the election of the Trump administration.
“Does this mean that the SEC’s war on crypto is over? I would say absolutely with a resounding yes that the SEC is not going to be bringing many cases against cryptoverse participants at all in the coming years.”
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Former SEC Official Expects Gary Gensler To Resign, Says Regulator’s War on Crypto Now ‘Absolutely’ Over appeared first on The Daily Hodl.
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler will likely hand in his resignation before President-elect Donald Trump’s inauguration next year, according to a former official of the agency. During an Ask Me Anything (AMA) session on social media platform X, former head of the SEC’s Office of Internet Enforcement John Reed Stark says
The post Former SEC Official Expects Gary Gensler To Resign, Says Regulator’s War on Crypto Now ‘Absolutely’ Over appeared first on The Daily Hodl. Regulators, john reed stark, News, regulators, SEC
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.