Gary Gensler said last week at a possible departure from his position during remarks at the 56th Annual Securities Regulatory Conference at the New York Law School. In what seemed like a farewell speech, he said, “It has been a great honor to serve with them and to ensure that our capital markets remain the best in the world.”
My understanding of American tradition is that the SEC chairman always resigns after a new candidate wins the presidency, and the president can propose a new name to the Senate for confirmation without having the power to remove him directly. Also, Gensler’s resignation as SEC director does not mean he will give up his entire role at the SEC, as he can remain an advisor. Anyone with more accurate information can correct me, since there have been no previous dismissals and all have been resignations.
Everyone seems optimistic about getting rid of Gensler, but there are no clear indications about who might take over.
Topic: JUST IN: Gary Gensler to step down as SEC Chair (Read 96 times)
Trump's vision of making US the crypto capital of the world would boost the growth of Bitcoin. The likes of Gary were great in spreading FUD and his services are not needed in this regime. However, the president will add up more fresh changes, since he listens to the bitcoiners that surround his team. Bitcoin is permeating the US and it'll be wrong to assume Trump is doing it to pay back, instead he loves the technology and wants to contribute to the growth of Bitcoin.
Trump has started on those campaign promises, seems like. Doubt Gary left that spot voluntarily - likely got a nudge from the Trump camp. Market is already bracing for big changes and its going to be interesting to see how things play out once Gensler is officially out.
If Teresa Goody is really in the running to take over the SEC, could mean a whole new ballgame crypto-wise. Bein pro-crypto and all she might go easier on us. That would be a relief after feeling all that regulatory pressure. But lotta unknowns still. but if Trump follows through with his plans, we might see a more favorable environment for crypto innovation and less regulatory uncertainty.
If Teresa Goody is really in the running to take over the SEC, could mean a whole new ballgame crypto-wise. Bein pro-crypto and all she might go easier on us. That would be a relief after feeling all that regulatory pressure. But lotta unknowns still. but if Trump follows through with his plans, we might see a more favorable environment for crypto innovation and less regulatory uncertainty.
That's a good news overall for the crypto community, Donald Trump will really play some important step to help Bitcoin, and this is going to be one of it. Donald even give Elon the power to lead DOGE department and that's also something which meme coin lovers find helpful.
He's quite strategic when it comes to naming because DOGE (Department of Government Efficiency) sounds 100% similar to DogeCoin and meme lovers got cue that they wanted to heard.
He's quite strategic when it comes to naming because DOGE (Department of Government Efficiency) sounds 100% similar to DogeCoin and meme lovers got cue that they wanted to heard.
to be honest, i feel gensler is pro-bitcoin, but was being strangled(forced to toe the line) by elizabeth warren who is anti-bitcoin..
i think removing elizabeth warren would be more advantageous to bitcoin
i think removing elizabeth warren would be more advantageous to bitcoin
yeah she’s pretty much a quack 🦆 . her trans ⚧️ stand is terrible.
to be honest, i feel gensler is pro-bitcoin, but was being strangled(forced to toe the line) by elizabeth warren who is anti-bitcoin..
i think removing elizabeth warren would be more advantageous to bitcoin
i think removing elizabeth warren would be more advantageous to bitcoin
This is just as predicted, even as someone was arguing about how the law doesn't allow the commissioner to be removed or replaced by a president unless they have served their tenor completely.
This is politics; even if the law doesn't permit the president to directly remove Gensler, there are still other ways of forcing his hand to resign on his own for his own peace.
His resignation news just came earlier than expected. Let's see what the news will bring to the market, or can we already tag it to be part of the factor pushing bitcoin to the $100k level already?
This is politics; even if the law doesn't permit the president to directly remove Gensler, there are still other ways of forcing his hand to resign on his own for his own peace.
His resignation news just came earlier than expected. Let's see what the news will bring to the market, or can we already tag it to be part of the factor pushing bitcoin to the $100k level already?
Trump probably will replace him with a more crypto friendly dude and obviously that’s bullish news.
Trump pump is only beginning.
$1 million is the new target.
Trump pump is only beginning.
$1 million is the new target.
Hmm, that is what we were expecting from day one, but $1M hmm, do you think it's a good realistic target, I know I did post a similar kind of thread even months ago at the start of this year within 90 days but that was just a fan story based on some rough calculations.
Now I do hope it will grow exponentially but $1M isn't that easy target to achieve for this cycle I'm still optimistic to the range of 120k to 160k almost.
Oh Gary , he probably knows what's coming and decided to do it honorably than to be forced out disgracefully. I applaud Trump for being very open about his intentions from the onset without mincing words. In my estimation I see this as a two-edged sword. On one end, Gary leaving is good and could take Bitcoin far far higher. On the other end of Trump makes the wrong hiring or appointment decision Bitcoin's price may drop at an instant.
Haha so said ...
Guys 1 mint pause for him and for his never return to SEC.
Oh Gary , he probably knows what's coming and decided to do it honorably than to be forced out disgracefully. I applaud Trump for being very open about his intentions from the onset without mincing words. In my estimation I see this as a two-edged sword. On one end, Gary leaving is good and could take Bitcoin far far higher. On the other end of Trump makes the wrong hiring or appointment decision Bitcoin's price may drop at an instant.
Trump probably will replace him with a more crypto friendly dude and obviously that’s bullish news.
Doing otherwise will be against his campaign promises and what is expected from him. 2025 will start good for bitcoin and cryptocurrency in general. We will see $100,000 before this year ends; the appointment of a crypto-friendly individual as SEC chair will set the momentum for the new year.Trump pump is only beginning.
Trump is looking like the chosen one. 
He became a lame duck the moment Donald Trump announced he would fire him on the first day of his presidency. This was expected. I heard that DJT doesn’t have the authority to do that (fire him) but it would be stupid for Gary to stay anyway. He made a wise decision. Good for him he saved himself from further embarrassment.
Trump probably will replace him with a more crypto friendly dude and obviously that’s bullish news.
Trump pump is only beginning.
$1 million is the new target.
Trump probably will replace him with a more crypto friendly dude and obviously that’s bullish news.
Trump pump is only beginning.
$1 million is the new target.
Gensler will step down as SEC Chair and depart from the agency entirely on Jan. 20, 2025, when President-elect Donald Trump starts his presidential term.
Source: https://cointelegraph.com/news/sec-chair-gary-gensler-step-down
I guess this was something everyone was expecting to happen after Trump's comments in the bitcoin's conference earlier this year. It would be interesting to see how the market is going to react.
Thoughts on what to expect next as he's out of the picture? There were some talks that Trump is considering to assign Pro-crypto (Lawyer) Teresa Goody to lead the SEC.
https://www.coindesk.com/policy/2024/11/19/trump-said-to-consider-crypto-lawyer-teresa-goody-guillen-to-lead-sec/
Source: https://cointelegraph.com/news/sec-chair-gary-gensler-step-down
I guess this was something everyone was expecting to happen after Trump's comments in the bitcoin's conference earlier this year. It would be interesting to see how the market is going to react.
Thoughts on what to expect next as he's out of the picture? There were some talks that Trump is considering to assign Pro-crypto (Lawyer) Teresa Goody to lead the SEC.
https://www.coindesk.com/policy/2024/11/19/trump-said-to-consider-crypto-lawyer-teresa-goody-guillen-to-lead-sec/
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