A recent report highlighted the potential timeline for the departure of US SEC Chairman Gary Gensler. This led to optimism in the markets. Because Gensler is generally seen as one of the industry’s main regulatory opponents. In the midst of these developments, Tron founder and Liberland Prime Minister Justin Sun made an open invitation to Gensler. Sun’s invitation came amid growing tension between the SEC and the crypto sector.
When will US SEC Chairman Gary Gensler resign?
A recent report by analysis firm 10X Research suggests that US SEC Chairman Gary Gensler may resign next December or January, following the tradition of SEC chairmen resigning when a new president takes office. This practice allows the incoming administration to appoint a chairman in line with its own agenda. For example, Jay Clayton, whom Trump appointed during his previous term in office, left his post in December 2020. Thus, he paved the way for Gensler’s confirmation under Biden in April 2021. Similarly, Obama appointee Mary Jo White resigned on the day Trump took office in 2017. However, her replacement took office in May.
If the same timeline applies, Gensler’s departure could take place within months. In this context, the new president will probably be confirmed by spring 2025. The report’s timeline also coincides with Trump’s previous campaign statements in which he announced his intention to dismiss Gensler. In the meantime, Gensler’s departure will likely enable Trump to elect a president who is more supportive of crypto. Many in the industry are eagerly anticipating this.
Tron inventor offered Gary Gensler a job!
Meanwhile, Tron founder Justin Sun made an open offer to SEC Chairman Gary Gensler. This unexpected offer came after Trump’s recent statements that he would bring Gensler to the head of the SEC if re-elected. As you follow from Kriptokoin.com, Trump’s views show that he is against Gensler’s aggressive attitude towards crypto regulations. The incumbent president implied that such an approach stifles innovation and economic opportunity in the US. The Tron inventor was the first to comment on the uncertainty surrounding the potential fate of Gensler’s potential fate of Trump’s victory. In this context, Justin Sun asked, ‘So, what will happen to Gensler?’
Shortly after, Sun invited Gensler to participate in his own projects. Accordingly, he said, ‘I am open to hiring Gensler if he can really approach the crypto industry sincerely.’ Sun humourously stated that Gensler also ‘has a family to take care of’. In other words, he hinted at the personal risks behind a high-profile layoff. If Gensler were to join one of Sun’s ventures, it could be Tron or Liberland, where Sun serves as Prime Minister. Liberland is a libertarian micro-nation that declared its founding in 2015. Liberland prides itself on its values of minimal government intervention, economic freedom, and Blockchain-based governance.
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Yazının devamı için SEC Chairman Will Resign? Tron Inventor Offered a Job!