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How Will Gary Gensler’s Resignation Affect the Crypto Market?
The post How Will Gary Gensler’s Resignation Affect the Crypto Market? appeared on BitcoinEthereumNews.com. Along with Bitcoin getting closer to $100k, the crypto market is filled with joys discussing Gary Gensler’s resignation. The current SEC Chair is the most hated personality among investors due to his constant severe actions against the crypto industry and putting legal objections on various crypto service providers, which has kept most in fear and panic. It includes the lawsuit against Binance US, Kraken, Coinbase, and many others under the pretext of being unregistered securities and clearinghouses. Many feared for the future of the crypto industry, but with this resignation, a new excitement is visible in the crypto market. More importantly, he is also stepping down from the commissioner post. As a result, he cannot defend his regulatory policies anymore. Crypto Enthusiasts Reacting to Gary Gensler’s Resignation It has been three days since Gary’s resignation news came out. In these three days, the market has gained a new bullish trajectory. With the excitement of witnessing a better crypto-friendly SEC chair, investors are flocking to the crypto market, pushing many cryptos to approach ATH. The users witnessed the global market cap hitting a new ATH of $3.35 trillion. Additionally, the user’s sentiments entered an extreme greed zone. Many investors and crypto industry leaders flocked to X to post memes and personal notes, representing their happiness with this Gary news. A Tribute To Gary Gensler: Fuck You & Everything You Stand For ???? Sincerely,The Entire XRP Army pic.twitter.com/Yvmf5ITJg1 — The Bearable Bull (@thebearablebull) November 22, 2024 Out of all this, Gary Gensler’s resignation has most positively affected the XRP holders. It is because of the SEC Vs. XRP lawsuit that has been running for years and seriously affected the Ripple token’s performance. Now, with this Gary Gensler resignation news, the XRP price pumped as high as $1.16 earlier in the day after…
The post How Will Gary Gensler’s Resignation Affect the Crypto Market? appeared on BitcoinEthereumNews.com.
Along with Bitcoin getting closer to $100k, the crypto market is filled with joys discussing Gary Gensler’s resignation. The current SEC Chair is the most hated personality among investors due to his constant severe actions against the crypto industry and putting legal objections on various crypto service providers, which has kept most in fear and panic. It includes the lawsuit against Binance US, Kraken, Coinbase, and many others under the pretext of being unregistered securities and clearinghouses. Many feared for the future of the crypto industry, but with this resignation, a new excitement is visible in the crypto market. More importantly, he is also stepping down from the commissioner post. As a result, he cannot defend his regulatory policies anymore. Crypto Enthusiasts Reacting to Gary Gensler’s Resignation It has been three days since Gary’s resignation news came out. In these three days, the market has gained a new bullish trajectory. With the excitement of witnessing a better crypto-friendly SEC chair, investors are flocking to the crypto market, pushing many cryptos to approach ATH. The users witnessed the global market cap hitting a new ATH of $3.35 trillion. Additionally, the user’s sentiments entered an extreme greed zone. Many investors and crypto industry leaders flocked to X to post memes and personal notes, representing their happiness with this Gary news. A Tribute To Gary Gensler: Fuck You & Everything You Stand For ???? Sincerely,The Entire XRP Army pic.twitter.com/Yvmf5ITJg1 — The Bearable Bull (@thebearablebull) November 22, 2024 Out of all this, Gary Gensler’s resignation has most positively affected the XRP holders. It is because of the SEC Vs. XRP lawsuit that has been running for years and seriously affected the Ripple token’s performance. Now, with this Gary Gensler resignation news, the XRP price pumped as high as $1.16 earlier in the day after…
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