SEC Chair Gary Gensler Resigns on January 20, 2025

On January 20, 2025, the U.S. will see President Trump's inauguration and the resignation of SEC Chair Gary Gensler. Key points include:

Gensler's regulatory approach harmed innovation in cryptocurrency and blockchain.
His enforcement-focused agenda led to "regulatory uncertainty," affecting exchanges like Bittrex, Kraken, and Coinbase.
Cryptocurrency needs regulation that balances consumer protection with innovation.
Bitcoin recently surpassed $100,000, highlighting the sector's resilience.
The House passed the Financial Innovation and Technology for the 21st Century Act (FIT 21), aiming for a clear regulatory framework.
Trump's administration previously collaborated with the crypto industry on enforcement and compliance guidance.
Anticipation of Trump’s return has contributed to a 33% increase in bitcoin prices since Election Day.
Paul Atkins is expected as the new SEC Chair, promoting a transparent regulatory environment conducive to growth.

This shift could enhance U.S. leadership in the global digital economy and create high-paying jobs.