Yigit Taha OZTURK 
Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), announced he will step down from his position on January 20, 2025. Gensler expressed that working with SEC employees was “the honor of his life” and thanked President Biden for the opportunity to serve. Under his leadership, the SEC took bold actions, particularly in the crypto sector, where Gensler focused on investor protection and regulating digital assets.
His tenure included controversies, particularly in regulating cryptocurrency exchanges like Coinbase, Binance, and Kraken, which drew criticism from the industry. While the SEC maintained that most cryptocurrencies were securities requiring registration, industry representatives argued that traditional financial rules didn’t fit the evolving digital asset space.
This resignation follows Donald Trump’s campaign pledge to remove Gensler upon his inauguration. Trump’s presidency, starting January 2025, may signal a shift in crypto regulations, potentially offering a more crypto-friendly environment.
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