A recent report highlighted the potential timeline for the departure of US SEC Chairman Gary Gensler. This led to optimism in the markets. Because Gensler is often seen as one of the industry’s main anti-regulators. In the midst of these developments, Tron founder and Liberland Prime Minister Justin Sun made an open invitation to Gensler. Sun’s invitation comes amid growing tensions between the SEC and the crypto industry.
When will US SEC Chairman Gary Gensler resign?
A recent report from analytics firm 10X Research suggests that U.S. SEC Chairman Gary Gensler may resign next December or January, following the tradition of SEC chairmen resigning when a new chairman takes office. This practice allows the incoming administration to appoint a president who suits its agenda. For example, Jay Clayton, whom Trump appointed during his previous term, left his post in December 2020. Thus, it paved the way for Gensler’s confirmation in April 2021 during the Biden administration. Similarly, Obama appointee Mary Jo White resigned the day Trump was inaugurated in 2017. However, his replacement took office in May.
If the same timeline holds, it’s possible that Gensler’s departure could happen within months. In this context, the new president will probably be confirmed by spring 2025. The report’s timeline also aligns with previous campaign statements in which Trump announced his intention to fire Gensler. Meanwhile, Gensler’s departure will likely enable Trump to elect a president who is more supportive of crypto. Many people in the industry are eagerly waiting for this.
Tron inventor offered job to Gary Gensler!
Meanwhile, Tron founder Justin Sun made an open offer to SEC Chairman Gary Gensler. This unexpected offer came after Trump’s latest statements, stating that he would appoint Gensler to head the SEC if he is re-elected. cryptokoin.comAs you follow from , Trump’s views show that he opposes Gensler’s aggressive stance on crypto regulations. The incumbent president has implied that such an approach stifles innovation and economic opportunity in the United States. The Tron inventor was the first to comment on the uncertainty surrounding Gensler’s potential fate following Trump’s victory. In this context, Justin Sun asks “So what will happen to Gensler?” he asked.
Shortly thereafter, Sun invited Gensler to join his projects. In this vein, he said, “I am open to hiring Gensler if he can truly approach the crypto industry with sincerity.” Sun humorously stated that Gensler also “has a family to support.” So he alluded to the personal risks behind a high-profile layoff. If Gensler were to join one of Sun’s ventures, that opportunity might be in Tron or Liberland, where Sun serves as Prime Minister. Liberland is a libertarian micronation that declared its founding in 2015. Liberland prides itself on its values of minimal government intervention, economic freedom, and Blockchain-based governance.
