SEC Chairman Gary Gensler confirms he will step down in January

Gary Gensler, the current chairman of the US Securities and Exchange Commission (SEC), confirmed on Thursday that he will step down from his post starting in January.

Gensler confirmed the news in an announcement on Twitter and in a post on the SEC’s website, saying it had been a “lifetime honor” to “ensure that our capital markets remain the best in the world.” “I thank President Biden for entrusting me with this incredible responsibility,” Gensler added. “The SEC has fulfilled our mission and enforced the law without fear or favor.” Gensler was highly unpopular with the crypto community for his long list of enforcement actions against industry leaders and his unwillingness to encourage more lenient rules for the new asset class. Donald Trump promised to fire Gensler in July, and has since been elected the 47th president of the United States. Bitcoin rose to $98,200 after Gensler’s announcement. SPECIAL OFFER (Sponsored) Binance Free $600 (Exclusive to CryptoPotato): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

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