According to recent updates from COINOTAG News, SEC Chairman Gary Gensler is set to resign on January 20. In his term, despite the cryptocurrency market comprising less than 1% of the total U.S. capital market, it remarkably contributed to 18% of the grievances and recommendations directed at the U.S. Securities and Exchange Commission. This statistic underscores the growing importance of digital assets in the regulatory landscape.
Furthermore, various judicial rulings have affirmed the SEC’s authority in upholding investor protection, dismissing challenges regarding the enforcement of securities laws in all forms of issuance. It is also crucial to highlight that former President Donald Trump previously indicated plans to remove Gensler should he regain office, coinciding with the timing of Gensler’s anticipated departure.