Key Points:
Markus Thielen, head of 10x Research, who has closely tracked events within the SEC and the broader political environment, advances such a forecast.
According to Thielen, the possible early retirement of US SEC Chairman Gensler coincides with the end of President Joe Biden’s current term. With the chairmanship of the SEC under Gensler falling into a critical juncture of American politics, the end of Biden’s presidency can be a significant reason behind Gensler’s earlier-than-anticipated stepping down. Thielen still further points out that this could be strategically timed with the turnover of a new administration or in positioning for the future outside the SEC.
Read more: SEC Chair Gary Gensler Will Make Biden Lose the 2024 Presidential Race.
US SEC Chairman Gensler is a big player in the regulatory landscape. His regulation style has been no friendlier to finance, especially in the crypto sector. His exit from the SEC would cause major shocks in sustained regulatory efforts and financial markets. Thus, speculation about his likely resignation is significant for investors, policymakers, and industry professionals.
The possibility of Gensler’s early exit raises questions about the SEC’s future course and potential impact on key regulatory projects. With the U.S. entering a new political era, the SEC’s leadership is likely to be closely watched, and any resignation by Gensler would clear the way for dramatic shifts in regulatory strategies.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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