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SEC Chair Gary Gensler will Step Down In January, BTC Soars To Over $99,000

Mary Liu

Summary: SEC Chairman Gary Gensler announced that he will resign on January 20, 2025, the same day as Trump's inauguration. Gensler will no longer serve as a commissioner. After the news was released, BTC soared to $99,014.21 in the short term that day, very close to the $100,000 mark. Trump promised to appoint an SEC chairman ...

SEC Chairman Gary Gensler announced that he will resign on January 20, 2025, the same day as Trump's inauguration.

Gensler will no longer serve as a commissioner. After the news was released, BTC soared to $99,014.21 in the short term that day, very close to the $100,000 mark.

Trump promised to appoint an SEC chairman who supports the crypto industry. It remains to be seen how the new official will deal with a series of pending lawsuits between the agency and crypto companies after taking office.

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