This scenario could trigger the resignation of Gary Gensler: former SEC official
John Reed Stark thinks SEC Chairman Gary Gensler might throw in the towel, depending on a possible scenario that unfolds. would take place in 2024.
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The US securities regulator could completely change its approach to crypto enforcement, depending on a key US election in 2024, says former SEC official John Reed Stark.
In a tweet on August 13, the former head of the SEC's Office of Internet Enforcement predicted that a Republican president could dramatically change the tide of crypto regulation, including the potential resignation of the chief of the SEC, Gary Gensler.
There are currently a number of Republican candidates running. Former President Donald Trump remains the most popular candidate among Republican voters, followed distantly by Florida Governor Ron de Santis and then South Carolina Senator Tim Scott.
If a Republican were elected president, according to Stark, Gensler would likely be replaced by crypto-friendly Hester Peirce, often dubbed "Crypto Mom."
Will the SEC approve any of the recent Bitcoin Spot ETF applications?
People often ask me for my opinion on whether the SEC will approve any of the recent Bitcoin spot ETF applications, which is an interesting and important question.
My view is that the current SEC will be… pic.twitter.com/lPXebl03Y4
— John Reed Stark (@JohnReedStark) August 13, 2023Stark noted Peirce's history of dissent and opposition to many crypto-related regulator enforcement actions, and explained that if Peirce were to become the head of the SEC:
“The world should expect most SEC enforcement actions in the United States and most crypto-related SEC disruptions to come to an abrupt end.” ...
John Reed Stark thinks SEC Chairman Gary Gensler might throw in the towel, depending on a possible scenario that unfolds. would take place in 2024.
News
Join us on social networks
The US securities regulator could completely change its approach to crypto enforcement, depending on a key US election in 2024, says former SEC official John Reed Stark.
In a tweet on August 13, the former head of the SEC's Office of Internet Enforcement predicted that a Republican president could dramatically change the tide of crypto regulation, including the potential resignation of the chief of the SEC, Gary Gensler.
There are currently a number of Republican candidates running. Former President Donald Trump remains the most popular candidate among Republican voters, followed distantly by Florida Governor Ron de Santis and then South Carolina Senator Tim Scott.
If a Republican were elected president, according to Stark, Gensler would likely be replaced by crypto-friendly Hester Peirce, often dubbed "Crypto Mom."
Will the SEC approve any of the recent Bitcoin Spot ETF applications?
People often ask me for my opinion on whether the SEC will approve any of the recent Bitcoin spot ETF applications, which is an interesting and important question.
My view is that the current SEC will be… pic.twitter.com/lPXebl03Y4
— John Reed Stark (@JohnReedStark) August 13, 2023Stark noted Peirce's history of dissent and opposition to many crypto-related regulator enforcement actions, and explained that if Peirce were to become the head of the SEC:
“The world should expect most SEC enforcement actions in the United States and most crypto-related SEC disruptions to come to an abrupt end.” ...
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