A prediction from 10x Research suggests that SEC Chair Gary Gensler will likely resign following President Joe Biden’s exit, exploring the potential impacts on the crypto market and regulatory environment.
Points
- SEC Chair Gary Gensler is predicted to resign by early 2025.
- Biden’s withdrawal from the 2024 race contributes to this speculation.
- A Trump administration could significantly impact Gensler’s role.
- The crypto market is expected to react to changes in regulatory leadership.
- Analysts foresee bullish catalysts for Bitcoin and the broader crypto market.
In a recent market report, 10x Research founder Markus Thielen predicted that United States Securities and Exchange Commission （SEC） Chair Gary Gensler would likely resign within the first two months of 2025, following President Joe Biden’s exit from the White House. Historically, SEC chairs often resign when a new administration takes over, and the anticipated Trump administration could accelerate Gensler’s departure.
Thielen’s prediction is rooted in Biden’s sudden decision to abandon his re-election bid, which he believes solidifies Trump as the probable next president. The SEC chair’s term officially ends on June 5, 2026, but Thielen suggests that Gensler might leave office earlier, particularly if Trump and his running mate, JD Vance, take a hardline stance against his regulatory approach.
Cointelegraph
JD Vance has been openly critical of Gensler, describing him as excessively political and out of touch with the needs of the crypto industry. Vance has advocated for clearer and more supportive regulations for blockchain technology and cryptocurrencies, suggesting that Gensler’s approach is overly restrictive.
The potential resignation of Gensler could trigger significant changes in the regulatory landscape for cryptocurrencies. Analysts believe that a pro-crypto administration under Trump could introduce more favorable regulations, potentially boosting market sentiment and encouraging investment in digital assets.
Thielen noted several bullish catalysts for the crypto market in the coming weeks, including rumors that Trump might announce Bitcoin as a strategic reserve asset at the upcoming Bitcoin conference in Nashville, Tennessee, on July 25. Such an announcement could lead to a parabolic rise in Bitcoin’s price, pushing it past its previous all-time high of $68,300.
解説
- The potential resignation of SEC Chair Gary Gensler could mark a significant shift in the regulatory environment for cryptocurrencies.
- A new administration, particularly under Trump, may adopt a more favorable stance towards digital assets, encouraging market growth.
- Investors should monitor political developments and their potential impacts on regulatory policies and market sentiment.
- Thielen’s prediction highlights the interconnectedness of political events and financial markets, emphasizing the need for strategic planning in investment decisions.
- The rumored announcement of Bitcoin as a strategic reserve asset could be a major bullish catalyst, driving substantial price increases and market activity.