Gensler Stepping Down = HUGE
Now we got a solid guarantee that the next SEC Chair will be headed by a Trump nominee. Republicans got Congress, so nomination process should be smooth and swift.
This is bullish as fuck for Ethereum & Solana’s ecosystems. As well as DeFi in general (particularly $UNI). This will definitely bode well for $XRP without a doubt given the potential for an XRP ETF (that the SEC was formerly opposing) & the appeal they recently filed (which they may decide to withdraw at some point in the future under new leadership & direction).
Chances are huge we could have a mute SEC for the next couple of years as it pertains to cryptocurrency. You make your own deductions as to what that means in general.
Now we got a solid guarantee that the next SEC Chair will be headed by a Trump nominee. Republicans got Congress, so nomination process should be smooth and swift.
This is bullish as fuck for Ethereum & Solana’s ecosystems. As well as DeFi in general (particularly $UNI). This will definitely bode well for $XRP without a doubt given the potential for an XRP ETF (that the SEC was formerly opposing) & the appeal they recently filed (which they may decide to withdraw at some point in the future under new leadership & direction).
Chances are huge we could have a mute SEC for the next couple of years as it pertains to cryptocurrency. You make your own deductions as to what that means in general.