U.S. Securities and Exchange Commission chief Gary Gensler has fallen on his sword, after incoming president Donald Trump promised to fire him “on day one.”
Gary Gensler is no more. The U.S. Securities and Exchange Commission chief (and bête noire of the crypto industry) announced his resignation Thursday, with his term set to end on January 20, 2025—just as Donald Trump begins his second term as U.S. President. Trump had promised to fire Gensler “on day one” of his administration, though technically he lacked the authority to do so.
The crypto community handled the news with all the grace and dignity you’d expect, with House Majority Whip Tom Emmer (R-MN)’s “good riddance” among the more polite responses. Under Gensler, the SEC had garnered a reputation for pursuing enforcement actions against many crypto firms including Coinbase and Uniswap Labs.
SEC Chair Gary Gensler to Resign When Trump Retakes White House
After leading the SEC's crackdown on the crypto industry, Gary Gensler will depart on January 20 as Donald Trump begins his term.
Crypto Industry Bids Farewell to Gary Gensler—Exactly Like You’d Expect
SEC Chair Gary Gensler's resignation announcement was met with a sigh of relief on Crypto Twitter, alongside a slew of mocking memes.
Bitcoin ETFs Take in $1 Billion as BTC Price Nears $100,000
As the price of Bitcoin approaches $100,000, Blackrock and Fidelity ETFs gobbled up the vast majority of the new capital.
Apple Admits to Security Vulnerability That Leaves Crypto Users Exposed—Here's What You Should Do
Apple has become aware of a security flaw that could let hackers take control of a user’s iPhone or iPad if they visit a harmful website.
💬 Quote of the Day
❝
“Good riddance.”
House Majority Whip Tom Emmer (R-MN), on the resignation of SEC Chair Gary Gensler
From our partner
Discover BloomBeans, a groundbreaking DeFi ecosystem from blockchain visionary Takashi Nakamoto. Offering customizable Crypto Financial Assets (CFAs) for savings, loans, and more, BloomBeans empowers you to take control of your financial future on a secure, decentralized platform.
