Former SEC official John Reed Stark said there were circumstances that would trigger Gary Gensler’s resignation.
According to former SEC official John Reed Stark, the US securities regulator ( SEC ) may go through big changes depending on an important election to be held in 2024. The chief of the SEC Internet Enforcement Office noted that crypto regulatory activities could differ drastically, including the potential resignation of SEC chairman Gary Gensler.
Will the SEC Approve Any Of The Recent Bitcoin Spot ETF Applications?
People often ask for my opinion on whether the SEC will approve any of the recent spate of bitcoin spot ETF applications, which is an interesting and important question.
My take is that the current SEC will… pic.twitter.com/lPXebl03Y4
— John Reed Stark (@JohnReedStark) August 13, 2023
John Reed Stark’s predictions surprise
Posting a tweet on August 13, John Reed Stark made several predictions, including the resignation of current SEC chairman Gary Gensler. Stating that with the change of the SEC chairman, various differences will be made in the crypto industry, Stark drew attention not only to crypto investors, but globally.
According to Stark, if a Republican is elected President, Gensler will likely be replaced by Hester Peirce. Describing Hester Pierce as the “Crypto Mother”, Stark reiterated after Pierce’s opinion that radical changes can be made in many issues related to crypto.
