• SEC Chair to step down the same day Trump takes office
• Under Gensler, “18 percent of the SEC’s tips, complaints, and referrals were crypto-related”

The infamous Chairman of US Securities and Exchanges Commission – Gary Gensler – has announced he will bid goodbye to the commission this coming new year. Taking to X, Gensler announced that he would be stepping down as the chairman on January 20th, 2025. This has resulted in several crypto-netizens taking to X to celebrate the news.

Source: X

The announcement comes weeks after Donald Trump won the Presidential election. And, he is poised to take office on the Inauguration Day, which is the same day as Gensler resignation.

Gary Gensler’s over-regulation of crypto-markets

Notably, throughout his tenure, Gensler has been marked as the arch enemy of the crypto-market. This was mainly due to the non-stop enforcement actions taken against some of the most notable crypto-firms.

Many have repeatedly claimed that the market’s overregulation is stifling innova