Crypto users celebrated as SEC Chair Gensler announced his resignation, but Trump’s nominee will face confirmation hearings in the US Senate.
On Nov. 22, United States Securities and Exchange Commission (SEC) Chair Gery Gensler announced that he will step down from his position on Jan. 20.
He is widely regarded as one of the most “anti-crypto” SEC chairs in history, and crypto users are celebrating his departure on X.
However, the new pick for SEC Chair will face scrutiny in the US Senate, which must confirm any nominee.
