Ripple Vs SEC: Ex-CFTC, Pro-XRP Lawyers Say US SEC Will Drop the Appeal
Former CFTC Chairman Chris Giancarlo told FOX Business that the "new SEC will drop the appeal."
Lawyer Bill Morgan asserts the appeal will largely disappear when SEC Chair Gary Gensler resigns on Jan 20.
US court ruled in favor Ripple and CEO Brad Garlinghouse in another XRP lawsuit.
XRP price jumps 10% to hit a new 3-year high today.
https://coingape.com/ripple-vs-sec-ex-cftc-pro-xrp-lawyers-say-us-sec-will-drop-the-appeal/
Topic: JUST IN: Gary Gensler to step down as SEC Chair (Read 647 times)
He don't have any choice but to do that since he already know what will happen to his career once Trump officially take over the Presidency in January. To save up his face he preceded before Trump kick his ass on SEC. Now everything is doing good now and we see the anti bitcoin official has been out in his office. So hopefully we can see Trump hire a good secretary which can provably support bitcoin and make it great in USA.
What I see is Trump is just planning Teresa Goody to be his SEC chairman does it already happen? I think I missed out the latest update so hopefully someone give the newest news about this.
She's really good candidate by looking at this article https://bravenewcoin.com/insights/trump-considers-crypto-lawyer-teresa-goody-guillen-to-lead-sec hopefully we can see more better approach and adoption of bitcoin if these pro crypto people will get a position in government under Trump administration.
What I see is Trump is just planning Teresa Goody to be his SEC chairman does it already happen? I think I missed out the latest update so hopefully someone give the newest news about this.
She's really good candidate by looking at this article https://bravenewcoin.com/insights/trump-considers-crypto-lawyer-teresa-goody-guillen-to-lead-sec hopefully we can see more better approach and adoption of bitcoin if these pro crypto people will get a position in government under Trump administration.
I'm certain Gary's replacement will do an outstanding job within the next 4 years. A lot of spot ETF applications might be approved under Teresa Goody's watch. It's likely we'll see a Solana ETF, an XRP ETF, and even a Litecoin ETF approved soon. Exciting times ahead for the crypto industry in America and abroad. Having Uncle Gary off the picture is a huge relief to many. It's been nothing but aggressive crackdowns under his tenure. The market already reacted positively to this news.
It seems that Trump will be taking Bitcoin and other cryptocurrencies seriously. With many pro-crypto officials in his administration, anything's possible. At least, BTC will be riding off into the sunset. I can sense it going to $1m real soon...
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/
It's very good and I hope the next person would do more better than him because the career of Gensler is dynamic, to say the least, as it is full of controversies and discussions. For the time that Gensler has been active in the SEC, the agency has been active in bringing regulation to the crypto sphere. The SEC has taken enforcement actions against crypto brokers for fraudulent activities, wash trades, unregistered selling, among other violations of the law.
https://www.fxempire.com/forecasts/article/xrp-news-today-gary-gensler-resigns-sec-appeal-in-limbo-as-btc-hits-98k-1478030
The news would bring a bit more of a bullish sentiment onto the market because "the SEC devil is gone," but I do hope for the person next in line to be better than him or just to be neutral for the crypto space in a scenario where we would do our own thing, and he would only step out if there is something that really needs the regulations intact.
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/
It's very good and I hope the next person would do more better than him because the career of Gensler is dynamic, to say the least, as it is full of controversies and discussions. For the time that Gensler has been active in the SEC, the agency has been active in bringing regulation to the crypto sphere. The SEC has taken enforcement actions against crypto brokers for fraudulent activities, wash trades, unregistered selling, among other violations of the law.
https://www.fxempire.com/forecasts/article/xrp-news-today-gary-gensler-resigns-sec-appeal-in-limbo-as-btc-hits-98k-1478030
Geinsler withdrawal is one good thing happen in US government since we already see a crypto hater official step down on his office and hopefully their next secretary is a true pro crypto expert.
This is a wrong statement, he is not a "crypto hater ", otherwise he would have not approve the ETF. It’s completely normal for a SEC chair to prioritize ensuring that laws are followed and investors are protected. When it comes to crypto, their stance is clear: it must comply with the legal framework, especially for unregistered tokens that need proper registration first.
Being strict in implementation isn’t a bad thing, it actually helps maintain market integrity. After all, the last thing we want is for the crypto market to grow only to collapse later because scammers exploited loopholes. A well-regulated system can prevent those abuses and foster long-term growth.
Some in the space see him as the absolute, evil, but I too think that whatever he had on his mind, he falls off in a middle, gray territory.
Nevertheless, it's worthwhile to wait and see who would take his place and what he would make of the space and regulations for it.
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/
If Donald Trump comes to power, Gary Gensler will have to leave his position. Obviously he didn't have any trouble understanding this fact. Donald Trump has already come to power and Gensler is counting down the days until he can be relieved of his duties. Although Trump cannot directly fire him without any reason according to the law, since he was previously announced, it is logical for him to leave with honor. If he leaves on January 20 it would be a good news for all crypto enthusiast, new one will be selected to take the responsibility. At this point, we can consider Trump as a crypto fan and for that reason he will definitely give the responsibility to someone who is qualified. We will soon cross $100k and we can set a new goal for 1 million.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/
He may be seen as good for the crypto space, but he may not deliver on all of the points that he made before. There would be nothing wrong or bad about that because - he is no crypto enthusiast at heart in the way we understand that term, he uses some themes here and there to be more appealing for that or this audience - that's how I see it.
But I do hope that, during his term, we will have a ride of good news ahead of us, just like this recent one about Harry.
But the current condition is also still unclear, Trump's promise is uncertain and we are currently in an unpredictable period in the near future.
In fact, we don't need to care whether Trump actually likes crypto or not, it doesn't matter because as president he has more important issues to deal with. What we need is as long as he is not too strict with it and supports its existence, then that is our victory.
Not only you but many people, especially Democrats are still skeptical about his promises. Trump may not have delivered on all his promises, but Gary abruptly resigned even before Trump officially took office. That shows Gary knows something we don't and I believe it would put him at a disadvantage if he stayed so he decided to resign. Through Gary's resignation, we can be sure that Trump will become a pro-crypto president.
He hasn't yet taken office in fact - but I agree that more time is needed to judge what Trump would do for the space in that perspective.
He will be inaugurated only in January, as far as I know.
But the current condition is also still unclear, Trump's promise is uncertain and we are currently in an unpredictable period in the near future.
In fact, we don't need to care whether Trump actually likes crypto or not, it doesn't matter because as president he has more important issues to deal with. What we need is as long as he is not too strict with it and supports its existence, then that is our victory.
Not only you but many people, especially Democrats are still skeptical about his promises. Trump may not have delivered on all his promises, but Gary abruptly resigned even before Trump officially took office. That shows Gary knows something we don't and I believe it would put him at a disadvantage if he stayed so he decided to resign. Through Gary's resignation, we can be sure that Trump will become a pro-crypto president.
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/
If Donald Trump comes to power, Gary Gensler will have to leave his position. Obviously he didn't have any trouble understanding this fact. Donald Trump has already come to power and Gensler is counting down the days until he can be relieved of his duties. Although Trump cannot directly fire him without any reason according to the law, since he was previously announced, it is logical for him to leave with honor. If he leaves on January 20 it would be a good news for all crypto enthusiast, new one will be selected to take the responsibility. At this point, we can consider Trump as a crypto fan and for that reason he will definitely give the responsibility to someone who is qualified. We will soon cross $100k and we can set a new goal for 1 million. 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/
Now with the new SEC chair in place under Donald Trump administration, there may be a regulatory clarity coming into play, as to which cryptos are to call a security or a commodity.
Actually he wasn't full-blown evil, it seemed like he just wanted to make money. LOL. The SEC with Gensler has given room for crypto development. But I think the space is still too small. Another problem is that the SEC's uncertain standards make most crypto users hate them. Trump as a presidential candidate is very smart to take advantage of a small gap to enter and get support during the election. Gensler's withdrawal is a great hope that the policy will be more friendly. Have definite laws and clear regulations. But the current condition is also still unclear, Trump's promise is uncertain and we are currently in an unpredictable period in the near future.
Geinsler withdrawal is one good thing happen in US government since we already see a crypto hater official step down on his office and hopefully their next secretary is a true pro crypto expert.
This is a wrong statement, he is not a "crypto hater ", otherwise he would have not approve the ETF. It’s completely normal for a SEC chair to prioritize ensuring that laws are followed and investors are protected. When it comes to crypto, their stance is clear: it must comply with the legal framework, especially for unregistered tokens that need proper registration first.
Being strict in implementation isn’t a bad thing, it actually helps maintain market integrity. After all, the last thing we want is for the crypto market to grow only to collapse later because scammers exploited loopholes. A well-regulated system can prevent those abuses and foster long-term growth.
Now with the new SEC chair in place under Donald Trump administration, there may be a regulatory clarity coming into play, as to which cryptos are to call a security or a commodity.
Actually he wasn't full-blown evil, it seemed like he just wanted to make money. LOL. The SEC with Gensler has given room for crypto development. But I think the space is still too small. Another problem is that the SEC's uncertain standards make most crypto users hate them. Trump as a presidential candidate is very smart to take advantage of a small gap to enter and get support during the election. Gensler's withdrawal is a great hope that the policy will be more friendly. Have definite laws and clear regulations. But the current condition is also still unclear, Trump's promise is uncertain and we are currently in an unpredictable period in the near future.
What are you saying about he gives a room for crypto development? while the fact is the one who lead crypto crackdown in US. See this article https://apnews.com/article/sec-gensler-trump-bitcoin-12ed7655830172800a4741a6cb39f372
He's well known evil on crypto scene and I'm not surprised about what he did since he's a banker so provably he won't really support crypto because of that matters.
Geinsler withdrawal is one good thing happen in US government since we already see a crypto hater official step down on his office and hopefully their next secretary is a true pro crypto expert.
Now with the new SEC chair in place under Donald Trump administration, there may be a regulatory clarity coming into play, as to which cryptos are to call a security or a commodity.
Actually he wasn't full-blown evil, it seemed like he just wanted to make money. LOL. The SEC with Gensler has given room for crypto development. But I think the space is still too small. Another problem is that the SEC's uncertain standards make most crypto users hate them. Trump as a presidential candidate is very smart to take advantage of a small gap to enter and get support during the election. Gensler's withdrawal is a great hope that the policy will be more friendly. Have definite laws and clear regulations. But the current condition is also still unclear, Trump's promise is uncertain and we are currently in an unpredictable period in the near future.
The price level of btc is indeed increasing this month. Who would have thought that we will already reach this level this early. What more when a pro-crypto SEC chair starts endorsing crypto-related regulations and other protocols? It will surely be a positive impact on this market.
If the sentiment is quite positive, I believe it is high time for crypto users to think about accumulating more satoshi because of the impending rise of btc value.
If the sentiment is quite positive, I believe it is high time for crypto users to think about accumulating more satoshi because of the impending rise of btc value.
I think that buying on ATX is a bad idea, I understand that now people may have a period of great euphoria and they will most likely buy, but I do not expect a very big growth after reaching 100k, but when there is extreme greed in the market, they will buy at any price, then due to lack of experience they will become long-term holders, because they will know higher values.
Gensler's dismissal will be an expected event, but maybe during the dismissal the market will not react as strongly as it happened now, because the news is already having an impact.
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/
Good riddance. He did more harm than good to the crypto industry in America. With Trump winning the Presidency again, Uncle Gary would have no choice but to resign. Even if he stayed, President Trump would fire him. Now that Gary Gensler will be out of the picture, the crypto industry will triumph once more. Perhaps, exchanges who left the country will make a comeback (Bittrex, Binance.US, etc). US citizens will now be able to participate in ICOs and trade on numerous exchanges due to the incoming administration's friendly stance towards the crypto/Blockchain industry.
Appointing Teresa Goody as SEC chairman is a wise decision. Now all that's left is for the US government to make its own BTC reserves, and nothing should stop Bitcoin from going to Mars. The next 4 years will mark the "Golden Age" of crypto in the US and abroad. Maybe BTC will finally reach $1m? I can't wait for that to happen. I'd expect a long-lasting bullish market without Uncle Gary in the picture. Cheers.
He don't have any choice but to do that since he already know what will happen to his career once Trump officially take over the Presidency in January. To save up his face he preceded before Trump kick his ass on SEC. Now everything is doing good now and we see the anti bitcoin official has been out in his office. So hopefully we can see Trump hire a good secretary which can provably support bitcoin and make it great in USA.
What I see is Trump is just planning Teresa Goody to be his SEC chairman does it already happen? I think I missed out the latest update so hopefully someone give the newest news about this.
She's really good candidate by looking at this article https://bravenewcoin.com/insights/trump-considers-crypto-lawyer-teresa-goody-guillen-to-lead-sec hopefully we can see more better approach and adoption of bitcoin if these pro crypto people will get a position in government under Trump administration.
The trouble with Gensler leaving is that Trump is still an unknown X factor in all of this. While the price did go up after he got elected, that was just people assuming he will be great to bitcoin because he was in bitcoin conference. Remember, this is his last election and he is free to do whatever, he will never be candidate again, and that's why we can't do anything better about this just yet, since he could do whatever he wants, SCOTUS is with him, and things could go very wild for a very long time as well.
We can't keep him to his promise, what's going to happen at worst? If he does dirty to bitcoiners, then people won't vote for him? He already won his last one, there is nothing to threaten him with anymore, his promises mean nothing now. It's a scary thing, hope he keeps his word, and appoints a pro-bitcoin person.
We can't keep him to his promise, what's going to happen at worst? If he does dirty to bitcoiners, then people won't vote for him? He already won his last one, there is nothing to threaten him with anymore, his promises mean nothing now. It's a scary thing, hope he keeps his word, and appoints a pro-bitcoin person.
This is what is expected base on his campaign promises, Market has started reacting positively because of this news, Gary Gensler has been this anti-crypto using his position to block policies which would have been favourable to the crypto industry base on his actions, and has failed to come out with regulatory clarity. Now with the new SEC chair in place under Donald Trump administration, there may be a regulatory clarity coming into play, as to which cryptos are to call a security or a commodity.
The price level of btc is indeed increasing this month. Who would have thought that we will already reach this level this early. What more when a pro-crypto SEC chair starts endorsing crypto-related regulations and other protocols? It will surely be a positive impact on this market.
If the sentiment is quite positive, I believe it is high time for crypto users to think about accumulating more satoshi because of the impending rise of btc value. It is only a matter of time before we see it rising steadily. And if there will be more crypto-related programs, the demand for sure will further increase.
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/
Good riddance. He did more harm than good to the crypto industry in America. With Trump winning the Presidency again, Uncle Gary would have no choice but to resign. Even if he stayed, President Trump would fire him. Now that Gary Gensler will be out of the picture, the crypto industry will triumph once more. Perhaps, exchanges who left the country will make a comeback (Bittrex, Binance.US, etc). US citizens will now be able to participate in ICOs and trade on numerous exchanges due to the incoming administration's friendly stance towards the crypto/Blockchain industry.
Appointing Teresa Goody as SEC chairman is a wise decision. Now all that's left is for the US government to make its own BTC reserves, and nothing should stop Bitcoin from going to Mars. The next 4 years will mark the "Golden Age" of crypto in the US and abroad. Maybe BTC will finally reach $1m? I can't wait for that to happen. I'd expect a long-lasting bullish market without Uncle Gary in the picture. Cheers.
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/
Does it matter who is the SEC chairman? Gary Gensler didn't want to approve Bitcoin Spot ETFs but he approved and even admitted that he was forced to do that because of high interest from 3rd parties. He also said that he wouldn't accept other crypto spot ETFs because crypto is very volatile and it's not a security but soon later SEC approved Ethereum Spot ETFs.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/
If I was Gary Gensler, I would immediately leave the office after Bitcoin Spot ETF approvals because everything that happened around this topic only humiliated him. The whole situation made him not a man of his word. It also showed how small role he plays.
I think that we should expect many crypto ETFs from January. Trump has his own projects and there are also rumors that he wants to buy a crypto exchange. There will be big steps in crypto but sadly I'm afraid it will only do financially good for cryptos but it will kill the purpose that was put in them years ago, when they were created.
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/
This is what is expected base on his campaign promises, Market has started reacting positively because of this news, Gary Gensler has been this anti-crypto using his position to block policies which would have been favourable to the crypto industry base on his actions, and has failed to come out with regulatory clarity. Now with the new SEC chair in place under Donald Trump administration, there may be a regulatory clarity coming into play, as to which cryptos are to call a security or a commodity. 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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Although he supports Bitcoin, he does not want the crypto industry to grow in the US. Speculation about his departure from the SEC was very high before the election results. His departure news now has made the entire crypto market bullish I am sure the CEOs of Kraken and Coinbase will be very pleased with this news so will the XRP army.
I'm not sure about what you mean by supporting something. Gary doesn't support Bitcoin, he statements are somewhat an opinion and hating towards Bitcoin. If you support Bitcoin, you will do or say as someone that support it but all the comment that man has been saying is negativity. He always say Bitcoin allowed money laundering, Bitcoin is use for bad things and support terrorism, even if he says anything good after, this already has nullify the support.
With what the SEC has done to the crypto industry and Gary often badmouthing bitcoin in interviews. It's baffling that there are still people defending him and thinking that the SEC is pro-bitcoin and what they're doing is protecting investors like us.
If what Gary is doing is aimed at protecting investors and ensuring a legal framework for the crypto industry to thrive, why is he in such a hurry to resign before Trump officially becomes president? If he thinks he is not wrong, what is he afraid of?
What I'm yet to understand about the office of the SEC is how they are going to make Bitcoin friendly. Even if he step down own his own will, a new chairman will be coming from the office definitely and trust me, they all share the same agenda, the same objective. Unless there is a direction from above to stop stabbing Bitcoin, this speculations and negative words wouldn't end.
Regulations and legal frameworks are inevitable because that is how governments operate and govern this world. If the new administration is friendly to bitcoin, we will have a more open policy and will no longer hear slanderous things about bitcoin such as, Bitcoin allows money laundering, Bitcoin is used for bad purposes and supports terrorism...
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 thought Gary has been pro-bitcoin since he taught a blockchain lesson at MIT, but many said he's hard against crypto. I'm also wondering in what way he's against crypto considering ETFs were approved in his era. i think removing elizabeth warren would be more advantageous to bitcoin
Yes, he has approved spot Bitcoin ETFs, finally. But only after a federal court got involved.
A lot of people saw him as a roadblock, especially with the whole Bitcoin ETF saga. Crypto advocates had been pushing for a Bitcoin ETF for over a decade, but Gensler and the SEC kept shutting them down, saying the market was too manipulated and riddled with fraud. They rejected over 20 different proposals in recent years. It wasn't until a federal appeals court pretty much forced their hand that things changed. The court slapped down the SEC's reasoning for rejecting Grayscale's application, saying they didn't explain why they approved Bitcoin futures ETFs but turned down spot Bitcoin ETF. So, the SEC had to go back and approve it, but it wasn't really a decision in favor of crypto - it was more about the court pushing them into a corner.
So, yeah, even though Gensler may have some background in blockchain, his actions didn't exactly scream "pro-crypto" during his time at the SEC.
Although he supports Bitcoin, he does not want the crypto industry to grow in the US. Speculation about his departure from the SEC was very high before the election results. His departure news now has made the entire crypto market bullish I am sure the CEOs of Kraken and Coinbase will be very pleased with this news so will the XRP army.
I'm not sure about what you mean by supporting something. Gary doesn't support Bitcoin, he statements are somewhat an opinion and hating towards Bitcoin. If you support Bitcoin, you will do or say as someone that support it but all the comment that man has been saying is negativity. He always say Bitcoin allowed money laundering, Bitcoin is use for bad things and support terrorism, even if he says anything good after, this already has nullify the support.
What I'm yet to understand about the office of the SEC is how they are going to make Bitcoin friendly. Even if he step down own his own will, a new chairman will be coming from the office definitely and trust me, they all share the same agenda, the same objective. Unless there is a direction from above to stop stabbing Bitcoin, this speculations and negative words wouldn't end.
Let's see how it goes, this time the people in the chairs are the most pro-crypto guys out there for the last decade, so maybe, just maybe - we will have a good man in SEC chair as well.
Only time would be able to tell.
Hero or Villain? Gary Gensler’s Polarizing Legacy at the SEC. With some people Garry is a hero but with many others, he is a villian, and his legacy is full of controversy even inside SEC.
The surge of Bitcoin, and especially Ripple around rumor that he will step down and his official statement to confirm the rumor, is proof that he is not welcomed and supported by cryptocurrency community. They reacted accordingly with his announcement, agree with him or not, there are some terrible scandals, fiascos in his tenure, most famous ones are Terra and FTX, and positively Bitcoin Spot ETF were appproved in January this year after about 10 years since a first application.
Bitcoin Historical Price & Events
The surge of Bitcoin, and especially Ripple around rumor that he will step down and his official statement to confirm the rumor, is proof that he is not welcomed and supported by cryptocurrency community. They reacted accordingly with his announcement, agree with him or not, there are some terrible scandals, fiascos in his tenure, most famous ones are Terra and FTX, and positively Bitcoin Spot ETF were appproved in January this year after about 10 years since a first application.
Bitcoin Historical Price & Events
Quote
Spot Bitcoin Application Approval in the United States - January 10, 2024
Ten years after the first Spot Bitcoin ETF application was filed in the US, the Securities and Exchange Commission (SEC) approved the long-awaited Bitcoin Exchange Traded Fund.
Ten years after the first Spot Bitcoin ETF application was filed in the US, the Securities and Exchange Commission (SEC) approved the long-awaited Bitcoin Exchange Traded Fund.
For some he was the good, for some - the bad, but for most - the ugly. At least that's how my surroundings reacted to him and people in the space that I know are happy that he is gone. I hope to see a better man in that SEC chair in the future.
Good riddance to be honest. Jesse Powell from Kraken and the Winklii are very vocal about the damage he has done two the industry just for personal political gains. I like to think because of Gensler most bitcoiners voted red causing his own political party downfall. Nobody is bigger than Bitcoin.
Let's see who will change him in his place to see how it would go first.
It's an unknown territory at the moment.
Although he supports Bitcoin, he does not want the crypto industry to grow in the US. Speculation about his departure from the SEC was very high before the election results. His departure news now has made the entire crypto market bullish I am sure the CEOs of Kraken and Coinbase will be very pleased with this news so will the XRP army.
I'm not sure about what you mean by supporting something. Gary doesn't support Bitcoin, he statements are somewhat an opinion and hating towards Bitcoin. If you support Bitcoin, you will do or say as someone that support it but all the comment that man has been saying is negativity. He always say Bitcoin allowed money laundering, Bitcoin is use for bad things and support terrorism, even if he says anything good after, this already has nullify the support.
What I'm yet to understand about the office of the SEC is how they are going to make Bitcoin friendly. Even if he step down own his own will, a new chairman will be coming from the office definitely and trust me, they all share the same agenda, the same objective. Unless there is a direction from above to stop stabbing Bitcoin, this speculations and negative words wouldn't end.
Trump is looking like the chosen one.
A new crypto messiah before whom everyone will kneel and worship him as a deity
As things stand, I wouldn't be surprised if Mr. Donald declared himself Satoshi, or at least his official representative, given that BTC will soon become so important for the US that they will simply declare it their own. That old saying that says "Be careful what you wish for, because you just might get it" will become much clearer to some in the future.
Good riddance to be honest. Jesse Powell from Kraken and the Winklii are very vocal about the damage he has done two the industry just for personal political gains. I like to think because of Gensler most bitcoiners voted red causing his own political party downfall. Nobody is bigger than Bitcoin.
Hero or Villain? Gary Gensler’s Polarizing Legacy at the SEC. With some people Garry is a hero but with many others, he is a villian, and his legacy is full of controversy even inside SEC.
The surge of Bitcoin, and especially Ripple around rumor that he will step down and his official statement to confirm the rumor, is proof that he is not welcomed and supported by cryptocurrency community. They reacted accordingly with his announcement, agree with him or not, there are some terrible scandals, fiascos in his tenure, most famous ones are Terra and FTX, and positively Bitcoin Spot ETF were appproved in January this year after about 10 years since a first application.
Bitcoin Historical Price & Events
The surge of Bitcoin, and especially Ripple around rumor that he will step down and his official statement to confirm the rumor, is proof that he is not welcomed and supported by cryptocurrency community. They reacted accordingly with his announcement, agree with him or not, there are some terrible scandals, fiascos in his tenure, most famous ones are Terra and FTX, and positively Bitcoin Spot ETF were appproved in January this year after about 10 years since a first application.
Bitcoin Historical Price & Events
Quote
Spot Bitcoin Application Approval in the United States - January 10, 2024
Ten years after the first Spot Bitcoin ETF application was filed in the US, the Securities and Exchange Commission (SEC) approved the long-awaited Bitcoin Exchange Traded Fund.
Ten years after the first Spot Bitcoin ETF application was filed in the US, the Securities and Exchange Commission (SEC) approved the long-awaited Bitcoin Exchange Traded Fund.
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.
Trump does not have the authority to fire Gary, but he can put a lot of pressure on Gary to resign, and that is not new in American politics. If you notice, every time a new president is elected, most of the incumbent SEC chairmen resign because they know full well that trying to hold on to that position will not benefit them. Trump understands that very well, which is why he boldly stated that he would fire Gary at a bitcoin conference a few weeks ago during the campaign.
The $1 million target for Bitcoin may seem like an unrealistic goal, but if Trump's idea of making Bitcoin a strategic reserve comes to fruition, it will no longer be an unrealistic goal.
Gensler had his run, and many were unhappy with his position regarding Bitcoin and a long history of opposing Bitcoin ETFs. It makes sense that with Trump, we'll see a replacement that he finds suitable. Probably someone more profit-oriented and crypto-friendly, so we'll likely see fewer crackdowns on reputable exchanges and other crypto businesses. So, orientation toward profit for crypto businesses and turning a blind eye to gray area practices seems likely. It's not the kind of world where Bitcoin as a decentralized pseudonymous currently stands strong against the authorities and corporations, but I believe it will lead to higher prices.
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
It would be great to remove her from the government, but I'm not sure how that happens. She's obviously not gonna just resign.
So actually he's a Bitcoin supporter, but it's just his personal brand that make people think he's a Bitcoin hater.
He's the one who choose to leave SEC chair instead of fired by Trump, he has a big heart to support Bitcoin as he know everybody think he's bad for Bitcoin.
Gary Gensler isn't a villain, but he's an antihero.
He's the one who choose to leave SEC chair instead of fired by Trump, he has a big heart to support Bitcoin as he know everybody think he's bad for Bitcoin.
Gary Gensler isn't a villain, but he's an antihero.
Although he supports Bitcoin, he does not want the crypto industry to grow in the US. Speculation about his departure from the SEC was very high before the election results. His departure news now has made the entire crypto market bullish I am sure the CEOs of Kraken and Coinbase will be very pleased with this news so will the XRP army.
I remember Gary Gensler Voted to Approve Bitcoin ETFs and without his 3 out of 5 votes it would not have been approved:
So actually he's a Bitcoin supporter, but it's just his personal brand that make people think he's a Bitcoin hater. He's the one who choose to leave SEC chair instead of fired by Trump, he has a big heart to support Bitcoin as he know everybody think he's bad for Bitcoin.
Gary Gensler isn't a villain, but he's an antihero.
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 thought Gary has been pro-bitcoin since he taught a blockchain lesson at MIT, but many said he's hard against crypto. I'm also wondering in what way he's against crypto considering ETFs were approved in his era. i think removing elizabeth warren would be more advantageous to bitcoin
So he doesn't waited until inauguration day.
SEC Chair Gensler Says He’ll Resign on Inauguration Day
With this news, the market is bound to get even more bullish, and hitting $100k could actually happen today. Honestly, it feels inevitable at this point, it’s just a matter of when. But let’s focus on the potential replacements, especially since these names are the ones that pop up when I search:
which one of them is likely to be name the next?
SEC Chair Gensler Says He’ll Resign on Inauguration Day
With this news, the market is bound to get even more bullish, and hitting $100k could actually happen today. Honestly, it feels inevitable at this point, it’s just a matter of when. But let’s focus on the potential replacements, especially since these names are the ones that pop up when I search:
Quote
Paul Atkins
Hester Peirce
Brian Brooks
Dan Gallagher
Teresa Goody Guillén:
Hester Peirce
Brian Brooks
Dan Gallagher
Teresa Goody Guillén:
which one of them is likely to be name the next?
I don't see Richard Farley on the list, why?
Some of his biggest failures is collapses of Terra and FTX and so far he has yet been charged by any responsibility as head of SEC. to protect US. citizens against scammers while during his term, he tried to sue many cryptocurrency companies in his homeland and somehow forced them migrating to other nations.
The SEC only has the authority to regulate the stock and bond markets while cryptocurrencies are not securities, so we cannot blame them for the downfall of Luna or FTX.
The SEC's purpose in trying to attack crypto companies is because they want to force these companies to admit that they are securities so they can easily control them. But their approach has been met with fierce opposition from the crypto industry rather than subduing them, and so far the SEC has failed to regulate the crypto industry.
Overall, there is no specific regulation for cryptocurrencies and no agency to take over cryptocurrencies, and I think the legal framework will soon be formed under Trump. That's why I believe crypto will grow under Trump but there will be more regulation under him.
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?
He hasn't left his post yet, and Bitcoin has almost reached the $100k mark. A little more and we will see this value. It may even happen today. At the moment, the price is around $99,460. For me, of course, this was a surprise. I was considering such a price only next year, and then such an event. Yes, Trump has significantly improved the picture in the crypto world. People were able to earn so much money that it will last for many years.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?
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.
Together with that news is about the potential making of Bitcoin Reserve. I've just read it or it was just made by someone who's very optimistic of the upcoming administration of Trump. Well, goodbye Gary, see you soon and I hope that you enjoy your retirement if you are up for retirement. I remember Gary Gensler Voted to Approve Bitcoin ETFs and without his 3 out of 5 votes it would not have been approved:
And this is why we should wish him a well resignation and do good in his life. I hope that whoever replaces him won't be as bad as he was and more of an actual crypto/Bitcoin person.
So he doesn't waited until inauguration day.
SEC Chair Gensler Says He’ll Resign on Inauguration Day
With this news, the market is bound to get even more bullish, and hitting $100k could actually happen today. Honestly, it feels inevitable at this point, it’s just a matter of when. But let’s focus on the potential replacements, especially since these names are the ones that pop up when I search:
which one of them is likely to be name the next?
SEC Chair Gensler Says He’ll Resign on Inauguration Day
With this news, the market is bound to get even more bullish, and hitting $100k could actually happen today. Honestly, it feels inevitable at this point, it’s just a matter of when. But let’s focus on the potential replacements, especially since these names are the ones that pop up when I search:
Quote
Paul Atkins
Hester Peirce
Brian Brooks
Dan Gallagher
Teresa Goody Guillén:
Hester Peirce
Brian Brooks
Dan Gallagher
Teresa Goody Guillén:
which one of them is likely to be name the next?
I remember Gary Gensler Voted to Approve Bitcoin ETFs and without his 3 out of 5 votes it would not have been approved:
source ---> https://www.coindesk.com/markets/2024/01/11/gary-gensler-voted-to-approve-bitcoin-etfs-despite-public-criticism/
Patricia Lizarraga and Caroline Crenshaw are more hawkish than Gary Gensler
from official statement on the Approval of Spot Bitcoin Exchange-Traded Products, I quote:
https://www.sec.gov/newsroom/speeches-statements/gensler-statement-spot-bitcoin-011023
source ---> https://www.coindesk.com/markets/2024/01/11/gary-gensler-voted-to-approve-bitcoin-etfs-despite-public-criticism/
Patricia Lizarraga and Caroline Crenshaw are more hawkish than Gary Gensler
from official statement on the Approval of Spot Bitcoin Exchange-Traded Products, I quote:
Quote
We are now faced with a new set of filings similar to those we have disapproved in the past. Circumstances, however, have changed. The U.S. Court of Appeals for the District of Columbia held that the Commission failed to adequately explain its reasoning in disapproving the listing and trading of Grayscale’s proposed ETP (the Grayscale Order).[1] The court therefore vacated the Grayscale Order and remanded the matter to the Commission. Based on these circumstances and those discussed more fully in the approval order, I feel the most sustainable path forward is to approve the listing and trading of these spot bitcoin ETP shares.
https://www.sec.gov/newsroom/speeches-statements/gensler-statement-spot-bitcoin-011023
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.
What a news! If anyone has any reservations about bitcoin reaching $100k then just throw that out of the window right now. This news will definitely pump bitcoin and cryptocurrencies that have been involved with SEC's lawsuits such as XRP (ripple). It actually has been doing well these past few days and this news might just intensify investors' demand for the coin. Maybe even set a new ATH while we're at it?Whatever happens, I am sure it is all positive for the industry and the community. This is only the start as Trump has not even done anything as a President officially yet. I am excited for the heights crypto can reach under Trump's presidency. It would seem like he really is serious about his pro bitcoin stance during his election campaign.
This is the first wise decision Gensler has made in his career. He has always made bad decisions, attacked companies, and stifled the industry for no reason. But this time, he made a bold decision because he knows that he is no longer wanted by either President-elect Trump or the industry as a whole.
I hope that Trump can find the right man (or woman) for this great job. This is not an easy task because the new president needs to find some kind of balance between creating an open environment for the industry, encouraging companies, and protecting users at the same time within the laws and regulations.
I hope that Trump can find the right man (or woman) for this great job. This is not an easy task because the new president needs to find some kind of balance between creating an open environment for the industry, encouraging companies, and protecting users at the same time within the laws and regulations.
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.
Just hoping that the speculation about the appointment of Teresa Goody is true. As a blockchain lawyer and former SEC attorney, she has the experience to run the commission. With a perceived pro-Bitcoin stance, her tenure will be more flexible and crypto-friendly. 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.
This has been the tradition of the Chairpersons of the Security and Exchange Commission. Once there is a change of government, especially when a new party od coming in the head of SEC would have to resign. He would be remembered for his ceaseless attacks on the crypto industry. Uncle Gary is greatly cherished by the Biden government because he realized huge funds through fines. 
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.
It will be a little bit more than one year after Bitcoin Spot ETF Approval day in the USA, on 10 January 2024. It's time to review Gary Gensler's legacy in Bitcoin and cryptocurrency industry.Statement on the Approval of Spot Bitcoin Exchange-Traded Products.
In the official statement in January this year, Gary Gensler did not show any happiness in the approvals on Bitcoin Spot ETF applications in the USA. He didn't want to approve these Bitcoin Spot ETFs, but he had to do it when he no longer was able to delay it longer.
Some of his biggest failures is collapses of Terra and FTX and so far he has yet been charged by any responsibility as head of SEC. to protect US. citizens against scammers while during his term, he tried to sue many cryptocurrency companies in his homeland and somehow forced them migrating to other nations.
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
If I recall it correctly, there was some sort of hype and optimism within the community when Gensler was nominated by Biden back in 2021. Here's a man who has knowledge and has in fact taught about blockchain, digital currencies, Bitcoin, and the like at MIT. Here's a man who seems fond of the rising financial technology and even shared stories about Satoshi and Pizza Day and whatnot with his students.
Gensler isn't necessarily pro-Bitcoin, but he probably was open-minded and looks at things objectively. It's just that there are bigger policies in every administration and he has to abide with them.
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.
i would go with using the NYBitlicence guy as a reference, when he stepped down he went straight into the private sector advising businesses how to be compliant with the regulations he created.
also many politicians do back hand deals where he helps tailor regulation to help certain corporations have a foot forward whilst creating barriers of entry for competition.. and then when no longer a government agent he can claim a payment in the form of "contracted advisor".. so IF gensler accumulated many golden/crypto handshake deals with corporations over the years, he can retire happily and claim "advisory" contract payments from corporations he aided while in the SEC(as many politicians and government agents do)
I was hoping Uncle Gary would shut down the altcoin/shitcoin casino before he left. I thought he didn't do enough on that front.
Gensler seemed to leave bitcoin alone for the most part and respected btc as the only digital commodity.
Gensler seemed to leave bitcoin alone for the most part and respected btc as the only digital commodity.
This was definitely expected after all the anti-crypto moves Gensler has been pushing. With Trump stepping in and openly supporting Bitcoin earlier this year, it makes sense he'd want someone more aligned with that vision. If Teresa Goody gets the role, we might finally see some clarity and less hostility toward the crypto space.
Markets could react positively to this, especially if it signals a more pro-crypto regulatory environment. I’m curious to see how this affects not just Bitcoin but altcoins and stablecoins too,could be a big shift coming next year and hoping that most of the countries will follow, especially my country PH.
wagmi!
Markets could react positively to this, especially if it signals a more pro-crypto regulatory environment. I’m curious to see how this affects not just Bitcoin but altcoins and stablecoins too,could be a big shift coming next year and hoping that most of the countries will follow, especially my country PH.
wagmi!
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.
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.
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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