Reported about 19 hours ago
Cryptocurrency advocates celebrated the news of Gary Gensler's impending departure as SEC chair, expected to enhance the industry's relationship with regulators. Gensler clashed with major crypto firms during his tenure, leading to lawsuits against key players like Coinbase. The new administration, under President-elect Trump, signals a more favorable regulatory environment for crypto, with plans for a dedicated White House position on cryptocurrency policy and pro-industry legislation anticipated in Congress.
Source: YAHOO