{"id":143078,"date":"2024-11-24T14:00:20","date_gmt":"2024-11-24T12:00:20","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143078"},"modified":"2024-11-23T18:24:52","modified_gmt":"2024-11-23T16:24:52","slug":"could-the-crypto-market-soar-further-after-genslers-resignation","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/could-the-crypto-market-soar-further-after-genslers-resignation\/","title":{"rendered":"Could the Crypto Market Soar Further After Gensler’s Resignation?"},"content":{"rendered":"

Known for his stringent stance against the industry, Gensler’s departure<\/a><\/strong> has sparked renewed optimism. He was heavily criticized for his aggressive enforcement actions, including lawsuits against major players like Binance US, Kraken, and Coinbase, which many felt stifled innovation and created uncertainty. His exit has fueled speculation that the SEC may shift toward a more crypto-friendly regulatory approach, calming fears among investors and opening the door for future growth.<\/p>\n

XRP<\/a><\/strong> holders, in particular, have benefitted from this development, seeing a 49% increase in its price over the week, reaching $1.16, as the news of Gensler\u2019s departure unfolds. This has brought new hope for Ripple, as the ongoing SEC lawsuit had greatly impacted its performance.<\/p>\n

Other cryptocurrencies like Dogecoin and Cardano have also seen significant gains, reflecting broader market optimism. The news has driven the global market cap to an all-time high of $3.35 trillion, with investor sentiment reaching extreme levels of greed, signaling strong bullish momentum.<\/p>\n