Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), has announced his resignation, effective on the day President-elect Donald Trump takes office. Gensler, known for his tough stance on crypto regulation, has faced criticism for his enforcement actions against the industry. His departure raises questions about the future direction of financial regulation in the U.S. and who will succeed him as SEC chair. Potential replacements include Paul Atkins, a former SEC commissioner known for his pro-crypto stance, and Robert Stebbins, a former SEC General Counsel. The shakeup at the SEC may be part of a broader reimagining of crypto oversight, with the possibility of an expanded role for the Commodity Futures Trading Commission. Industry insiders see Gensler's resignation as an opportunity for clearer regulations and improved access to banking services for crypto firms in the U.S.



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