When the news spread, the cryptocurrency market reacted immediately, with the price of cryptocurrency Ripple (XRP) soaring. The SEC issued an official statement on the 22nd (local time) stating, "Chairman Gensler will be visiting the
"I plan to step down from my position as Chairman on January 20, 2021, when President Trump takes office," Gensler said. "It has been a great honor to serve at the SEC, and I will continue to work hard to protect American investors."
I would like to thank all my colleagues for their efforts." During his term, Chairman Gensler has promoted strong regulatory policy on crypto assets.
In particular, they have taken a strong stance, such as considering Ripple (XRP) a security and filing a lawsuit against Ripple, Inc.
When the news of Gensler's resignation broke, Ripple's price reacted immediately. According to CoinMarketCap, Ripple was up 15% from the previous day as of 9 a.m. on the 22nd.
The cryptocurrency industry is hoping that the resignation of Chairman Gensler will bring about changes in the SEC's regulatory framework.
The appointment of a new SEC chairman raises the possibility of deregulation, as the president-elect has supported pro-cryptocurrency policies.
Meanwhile, Ripple has issued an official statement regarding the news of Chairman Gensler's resignation.
Although the SEC has not yet publicly announced its decision, there is a positive mood internally. A Ripple official said, "We hope that the change in leadership at the SEC will have a positive impact on the lawsuit against Ripple."
A cryptocurrency expert said, "The resignation of Chairman Gensler is an important event that could bring about major changes in the cryptocurrency regulatory environment," and "The market will be affected by the SEC's policy direction in the future."
There is a possibility of greater volatility."
2024/11/22 11:10 KST
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