{"id":141955,"date":"2024-11-11T19:00:21","date_gmt":"2024-11-11T17:00:21","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141955"},"modified":"2024-11-11T13:07:26","modified_gmt":"2024-11-11T11:07:26","slug":"industry-leaders-demand-sec-chairman-gary-genslers-resignation","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/industry-leaders-demand-sec-chairman-gary-genslers-resignation\/","title":{"rendered":"Industry Leaders Demand SEC Chairman Gary Gensler\u2019s Resignation"},"content":{"rendered":"<p>Chris Lacovella, CEO of the American Securities Association (ASA), publicly called for the resignation of SEC Chairman Gary Gensler. Lacovella, whose organization represents over 100 financial firms, voiced his demands as frustration with the SEC\u2019s handling of crypto regulation reached a boiling point. Lacovella remarked,<\/p>\n<blockquote><p><em> \u201cThe people voted for this country to take a new direction, and Chairman Gensler should respect that vote by stepping down immediately.\u201d<\/em><\/p><\/blockquote>\n<p>The call for Gensler\u2019s removal quickly gained traction, with widespread support from the crypto community. A notable post on social media echoed the sentiment, stating, \u201cGensler must go immediately! After trying to regulate cryptocurrency, he proved that he doesn\u2019t understand how the market works and is only undermining trust.\u201d<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-breaks-82000-bullish-trend-continues\/\" title=\"Bitcoin Breaks $82,000 \u2013 Bullish Trend Continues\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/pexels-bitcoin-3385501_1280-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Breaks $82,000 \u2013 Bullish Trend Continues<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The Ripple case has galvanized many to take a stand, with companies growing increasingly disillusioned with the SEC\u2019s actions since 2021. In response to the commission\u2019s aggressive litigation strategy and lack of clear guidelines, several businesses have either reduced their presence in the U.S. or halted new projects altogether. Now, even small banks and major traders are joining the chorus of discontent, with Wall Street also closely monitoring the situation.<\/p>\n<p>While some crypto firms hope that these changes could lead to a better regulatory environment for digital assets in the U.S., only time will tell how this will unfold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On November 8, the ongoing battle between Ripple and the SEC took a dramatic turn.<\/p>\n","protected":false},"author":7,"featured_media":48369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-141955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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