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The infamous Chairman of US Securities and Exchanges Commission – Gary Gensler – has announced he will bid goodbye to the commission this coming new year. Taking to X, Gensler announced that he would be stepping down as the chairman on January 20th, 2025. This has resulted in several crypto-netizens taking to X to celebrate the news.
The announcement comes weeks after Donald Trump won the Presidential election. And, he is poised to take office on the Inauguration Day, which is on the same day as Gensler resignation.
Notably, throughout his tenure, Gensler has been marked as the arch enemy of the crypto-market. This was mainly due to the non-stop enforcement actions taken against some of the most notable crypto-firms.
Many have time and again claimed that the over-regulation of the market was stifling innovation. This criticism even came from Daniel Gallagher, the Chief Legal Officer of Robinhood.
The story is still developing.
