Gary Gensler Will Resign as SEC Chairman in 17 Days - This Is Very Bullish for Crypto

As you may already know, SEC Chair Gary Gensler will resign on January 20, 2025, in 17 days. For many and maybe all crypto investors this will be a celebration day because we all probably believe that he really made a terrible job "protecting" US citizens and "adopting" crypto. This will be a big relief and it is going to bring a brighter future because the "pro" crypto government in US.

Gary Gensler Crying

Gary Gensler leaving is very important for crypto because SEC acted very hard on it. You will probably still remember things like "ETH is a security" narrative, a lot of lawsuit against crypto companies, enforcement actions, unclear rules, etc. everything under the "protecting citizens" flag. Funny thing, all the FTX drama happened in front of their nose and failed again to protect citizens.

All this movements only slowed down crypto and forced many projects to move to other countries because they were scared of regulations. Even Coinbase were facing troubles.

But now, the light is coming and Gary Gensler is leaving and there is room for change. Probably the new chairman will be more open minded for crypto and embrace it in a more positive way instead of being a pain in the ass and fight innovation and the future.

This is really bullish because as you may know US is one of the countries that (for good or bad) moves the economy forward or backwards sometimes. Meaning that a pro crypto policies in US will make an statement to other countries which will probably start a race to adopt crypto ASAP to not be the last one.

This will drive more new projects, more adoption, more everything and I am not only talking about BTC treasuries, I am also talking about Ethereum ecosystem expansion and a lot of other coins evolving.

Bye Gary!

Sources:

• Gary Gensler Resignation: https://www.sec.gov/newsroom/press-releases/2024-182
• Image source: https://x.com/whizwang/status/1745209139981062614
• Reminder that Gary will resign: https://x.com/Ashcryptoreal/status/1875503034756952472

Disclaimer:

The concept and ideas in this post come from my own thoughts and everything I have seen online during my three years in crypto. Any resemblance is purely coincidental.