Will Gary Gensler Resign From the U.S. SEC?

The current U.S. SEC Chair Gary Gensler has been quite troublesome for the cryptocurrency industry and the vast majority of the community want him replaced.

Markus Thielen, founder of 10X Research, forecasts that Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), is likely to resign in early 2025.

This prediction follows President Joe Biden’s decision to withdraw from the 2024 presidential race, where he was significantly behind Donald Trump.

Thielen’s analysis suggests that SEC chairs typically resign when a new administration takes office. With Biden out of the race, the anticipated shift towards a pro-crypto administration could prompt Gensler’s departure before his term officially ends in June 2026.

Historical precedents show that SEC chairs often step down with changes in the presidential administration, as seen with previous chairs Mary Jo White and Christopher Cox.

Amid these political shifts, Donald Trump remains a leading figure, and speculation is rising about his potential policies. Thielen believes that Trump’s continued lead in the race might lead him to designate Bitcoin as a strategic reserve asset, which could drive a significant increase in Bitcoin’s price.

Currently, Bitcoin is trading around $67,294, showing a 7% increase over the past week despite recent market corrections.