Securities and Exchange Commission Chair Gary Gensler will step down once president-elect Donald Trump is sworn in on Jan. 20. Trump, who campaigned in part on firing him, nominated former SEC Commissioner Paul Atkins to replace him. Jaime Lizárraga, another Democratic-appointed SEC Commissioner, is also resigning.
These changes excite many in the digital asset community, which spent $135 million to elect pro-crypto candidates. However, it may not be that easy for the SEC under Trump to create a new regime for digital assets such as cryptocurrencies and non-fungible tokens (NFTs).
Gensler’s success in the courts, combined with US Supreme ...
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