Donald Trump

Gary

when

According to Markus Thielen, founder of 10X Research, a significant shakeup might be on the horizon for the U.S. Securities and Exchange Commission (SEC). Thielen predicts that Gary Gensler, the current SEC Chair, is likely to resign within the first two months of 2025, following the conclusion of President Joe Biden’s term.&nbsp; 
This <a href="https://mail.10xresearch.co/p/bitcoin-another-alltime-high-attempt-going-parabolic" target="_blank" rel="noreferrer noopener nofollow">forecast</a> is based on historical trends where SEC Chairs often step down when a new administration takes over, particularly if Donald Trump returns to the White House. 
Thielen’s analysis comes in the wake of Biden’s unexpected decision to exit the presidential race, which he interprets as a strong indicator of a Trump presidency. In this scenario, Gensler, who has faced criticism from Trump’s camp, particularly from his <a href="https://www.cryptotimes.io/2024/07/16/donald-trump-selects-pro-crypto-j-d-vance-as-vice-president/" target="_blank" rel="noreferrer noopener">running mate J.D. Vance</a>, may find his position untenable.&nbsp; 
Vance has previously described Gensler as “the worst person” to regulate cryptocurrencies due to his perceived backward and politicized approach to crypto policy. 
<div class="wp-block-image"> 
 <figure class="aligncenter">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfgQiexIltR1CMt6BpyrUOQiPoybzbpWw917IzRRvRTJJETRYdeFN6SbAnlt8gKdSvRBU1D2f50Y0U7m__K1-p1fmk954O7N24s7dJZgZZ_R7mnyQOgqxpoK6yN1u-kC-d0rglFBwZmCC8GPfxKRBov-l4W?key=MyccG0ak8pyyyNlRt01dHQ" alt="AD 4nXfgQiexIltR1CMt6BpyrUOQiPoybzbpWw917IzRRvRTJJETRYdeFN6SbAnlt8gKdSvRBU1D2f50Y0U7m K1 p1fmk954O7N24s7dJZgZZ R7mnyQOgqxpoK6yN1u kC d0rglFBwZmCC8GPfxKRBov l4W?key=MyccG0ak8pyyyNlRt01dHQ">
 <figcaption class="wp-element-caption">
 Image Source: <a href="https://x.com/BillHughesDC/status/1762547166348775770?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1762547166348775770%7Ctwgr%5E595dc08654025688cadfd58c0abf4f7d4d06746d%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fgary-gensler-resign-2025-biden-exit-white-house-10x-research" target="_blank" rel="noreferrer noopener nofollow">Bill Hughes&nbsp;</a>
 </figcaption>
 </figure>
</div> 
Amid these political speculations, Thielen has also highlighted optimistic forecasts for the crypto market. He cites potential bullish catalysts, notably rumors of Trump making a major announcement at the Bitcoin conference in Tennessee on July 25. There is speculation that Trump might declare Bitcoin a strategic reserve asset, which could spark a dramatic increase in Bitcoin’s value.&nbsp; 
Thielen advises investors to hold off on taking profits or shorting Bitcoin before Trump’s anticipated speech. He suggests that Bitcoin’s previous all-time high of $68,300 might soon become a new baseline, predicting a “parabolic move” in the coming months. This optimism follows a period of intense volatility driven by external factors like forced selling by the German government and the Mt. Gox exchange collapse.&nbsp; 
Analysts are now more confident that Bitcoin has navigated past its most challenging phase and the outlook for the crypto market remains promising.&nbsp; 
As political and economic landscapes shift, all eyes will be on Bitcoin and its potential trajectory, with significant developments expected shortly. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/07/22/biden-exit-offers-chance-to-democrats-to-gain-crypto-voters/" target="_blank" rel="noreferrer noopener">Biden Exit Offers Chance To Democrats To Gain Crypto Voters</a> 
</blockquote>

Thielen Predicts Gensler’s SEC Resignation by Early 2025

The Crypto Times

2024년 7월 22일에 게재된 다른 기사

Unlock Rewards On MemeFi Daily Combo For 23 July 2024

Bitcoin price tied to US dollar performance, not politics, custodian says

Solana Dominates DEX Volume

30,000x ROI Alert: BlockDAG Joins Forces with UFC Star Alex Pereira; Updates On Cardano (ADA) & T...

It’s Altcoin Season! Buy Now Before Prices Go CRAZY

President Biden's Exit Followed Nearly $80M In Wagers On Crypto Prediction Market Polymarket

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!