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🌙 Gary Gensler Plans to Step Down From SEC in January

Gensler's plan to fully leave the commission — not just step down as chairman — on Jan. 20

Author

Mike Gavela
November 21, 2024

In partnership with

Crypto Roundup - November 21

Gary Gensler, the current Chair of the U.S. Securities and Exchange Commission (SEC), has announced his resignation effective January 20, 2025, aligning with President-elect Donald Trump's inauguration. Gensler, known for his stringent regulatory stance on cryptocurrencies, faced criticism from the crypto community. His departure coincides with Bitcoin's surge toward the $100,000 mark, driven by investor optimism for a more favorable regulatory environment under the incoming administration. Companies like MicroStrategy have significantly increased their Bitcoin holdings, leveraging various financial instruments to capitalize on the cryptocurrency's rising value.

Top Stories

  • SEC Chair Gary Gensler announces resignation effective January 20, 2025, coinciding with President-elect Donald Trump's inauguration.

  • Bitcoin approaches $100,000, fueled by investor optimism for a more crypto-friendly regulatory environment under the incoming administration.

  • MicroStrategy expands Bitcoin holdings, utilizing financial strategies to benefit from the cryptocurrency's increasing value.

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TOP STORIES

Crypto Foe and SEC Chair Gary Gensler Will Quit When Trump Takes Office

Gensler's plan to fully leave the commission — not just step down as chairman — on Jan. 20 answers the major question of whether he'd stick around to defend his policies until his term ends in 2026.

www.coindesk.com/policy/2024/11/21/crypto-foe-sec-chair-gary-gensler-will-quit-when-trump-takes-office

Bitcoin Inches Closer to $100,000 - "The Defiant"

BTC soared to a fresh all-time high of $99,000 on Thursday.

thedefiant.io/news/markets/bitcoin-inches-closer-to-usd100-000

The math behind MicroStrategy's bitcoin bet

Bitcoin and MicroStrategy are both rallying with win-win math for bondholders and shareholders. Of course, the party can’t last forever.

protos.com/the-math-behind-microstrategys-bitcoin-bet

FUNDRAISING

OTHER HEADLINES

Trump Media files trademark application for a crypto payment service called TruthFi

Trump Media files for TruthFi crypto service, hinting at expansion from Truth Social. Talks of acquiring Bakkt stir market interest.

cryptobriefing.com/trump-media-crypto-service-truthfi

SEC Reportedly in Talks Over Solana Spot ETF - "The Defiant"

SOL surged 11% to $258, within 1% of its 2021 all-time high.

thedefiant.io/news/regulation/sec-reportedly-in-talks-over-solana-spot-etf

FTX expects to start repaying customers $16.5 billion in March

The bankrupt crypto exchange is set to return billions to customers affected by its dramatic 2022 collapse.

www.dlnews.com/articles/regulation/ftx-expects-to-start-repaying-billions-to-customers-in-march

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