SEC chair Gary Gensler will step down

walterbell · 2024-11-21T18:51:11 1732215071

https://decrypt.co/290718/who-is-most-likely-to-replace-gary...

> potential Gensler replacements.. includes Hester Peirce and Mark Uyeda, both SEC commissioners; Dan Gallagher, Robinhood’s chief counsel; former chairman of the U.S. Commodity Futures Trading Commission, Chris Giancarlo; and former Binance.US CEO Brian Brooks.

burnt-resistor · 2024-11-21T19:39:04 1732217944

Sounds like complying in advance.

tripplyons · 2024-11-21T18:48:31 1732214911

His term would have lasted until 2026. Trump already said he wanted to fire him, but the process for firing the SEC chair isn't as easy as some other positions: https://fortune.com/crypto/2024/08/06/trump-says-he-would-fi...

aaronrobinson · 2024-11-21T18:58:01 1732215481

Can’t imagine his job would have been much fun in a pro crypto environment. That he’s goes as Trump arrives is no coincidence.

xiphias2 · 2024-11-21T23:25:39 1732231539

It will be much more fun and he is more than capable of doing it, he just has burned too many bridges.

LatteLazy · 2024-11-21T19:10:20 1732216220

This is likely good news for everyone. If you're pro-crypto, gensler is the guy who had it in for your whole industry and acted dishonesty to achieve his goals. If you're anti, he's the guy who totally failed to deliver on those anti crypto promises and wasted enormous amounts of time and money losing cases against everyone (whilst conveniently ignoring actual frauds).