tl;dr
XRP's attorney, James Murphy, predicts that SEC Chair Gary Gensler will resign after Donald Trump's potential win in the 2024 election, based on historical trends. He also hinted at the potential appointment of Hester Peirce as Gensler's successor. Additionally, former SEC official John Reed Stark e...
XRP Lawyer Predicts SEC Chair Gensler Will Resign Soon
XRP's attorney, James Murphy, predicts that SEC Chair Gary Gensler will resign after Donald Trump's potential win in the 2024 election, based on historical trends. He also hinted at the potential appointment of Hester Peirce as Gensler's successor.
Additionally, former SEC official John Reed Stark echoed Murphy's prediction and suggested a shift in regulatory actions against the crypto industry under a new administration.
TRUMP'S VICTORY SIGNALS END OF GARY GENSLER'S SEC LEADERSHIP
Donald Trump’s victory ends Gary Gensler’s era as SEC Chairman. Gensler headed an audacious agenda that received accolades from a few but also generated massive resentment among business circles, cryptocurrency entrepreneurs, and farmers. Some high-profile initiatives he pursued on climate disclosure, cryptocurrency enforcement, and ESG will likely be rolled back or scrapped in favor of a new SEC chair that Trump will appoint.
FORMER SEC OFFICIAL PREDICTS GENSLER’S RESIGNATION, HINTS AT HESTER PEIRCE’S APPOINTMENT
Murphy is not the only one who is predicting Gensler leaving soon. During a recent AMA on social media platform X, former head of the SEC’s Office of Internet Enforcement, John Reed Stark, said that Gary Gensler will probably resign following Donald Trump’s presidential victory. According to him, Gensler would be doing what most of his predecessors have done: resigning with the entry of a new administration.