The SEC has denied rumors that Chairman Gary Gensler is resigning. The agency’s PR team issued a statement, putting to rest the speculation that has been circulating in the XRP community.
Despite rumors circulating on social media, the SEC has confirmed that Chairman Gary Gensler is not resigning.
Gensler, who has a long history of involvement in financial regulation, has taken a hard line on cryptocurrencies during his time at the SEC. This is seen in the agency’s ongoing lawsuit with Ripple Labs, as well as recent legal actions against Coinbase and Binance.
Gensler’s focus on the crypto market has been met with mixed reactions. While some have applauded him for trying to clarify the regulatory environment, others have criticized him for being too forceful.
Gensler’s action on the crypto market is likely to continue in the years to come. As the market continues to grow, the SEC will need to develop clear regulations to protect investors.
The XRP community was quick to dismiss the rumors of Gensler’s resignation, as they knew that such a move would be highly unusual.
Although Gensler’s hiring was at first viewed as a sign of optimism for the cryptocurrency sector, his subsequent actions have proven that he is not hesitant to take an aggressive position on regulation.