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Bitcoin rises after US SEC chair says he will step down
The Guardian
|November 23, 2024
Cryptocurrencies rose sharply immediately after one of the industry's biggest critics, Gary Gensler, said he would stand down as the head of the US financial regulator when president-elect Donald Trump was inaugurated in January.
In a post on X, Gensler confirmed he would resign from the US Securities and Exchange Commission (SEC) on 20 January.
Trump had previously said he intended to fire Gensler on "day one" of his presidency after the chair of the SEC took legal action against cryptocurrency trading and platforms.
"I thank President Biden for entrusting me with this incredible responsibility," Gensler wrote.
Gensler was appointed chair of the SEC in 2021 and immediately called on Congress to give him more powers to regulate the "wild west" crypto-sector, saying that it was "rife with fraud, scams and abuse".
Denne historien er fra November 23, 2024-utgaven av The Guardian.
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FLERE HISTORIER FRA The Guardian
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