<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/markus-thielen-predicts-gary-gensler-will-resign-in-early-2025/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Markus Thielen Predicts Gary Gensler Will Resign in Early 2025</a><br></p>
<p style="text-align: justify">According to Markus Thielen, founder of 10X Research, Gary Gensler, Chairman of the United States Securities and Exchange Commission (<strong>SEC</strong>), will resign within the first two months of 2025 after President Joe Biden’s term ends. Thielen’s prediction is based on the historical trend of SEC Chairmen typically resigning when a new administration is elected. It is noted that if Donald Trump wins the presidential election, it would spell disaster for Gensler’s role as SEC Chairman.</p>
<h2 style="text-align: justify" id="trump-s-election-prospect-and-the-cryptocurrency-market">Trump’s Election Prospect and the Cryptocurrency Market</h2>
<p style="text-align: justify">Thielen pointed to President Biden’s decision not to run for re-election as a significant indicator that Trump could win the presidency. It is believed that no other candidate could credibly challenge Trump if Biden is not in the race.</p>
<p style="text-align: justify">A Trump administration, perceived as more crypto-friendly, is suggested to be beneficial for the <strong>Bitcoin</strong> market. Thielen implies that Gensler, whose term officially ends on June 5, 2026, would resign by January or February 2025 if Trump is elected.</p>
<h2 style="text-align: justify" id="criticisms-of-crypto-policy">Criticisms of Crypto Policy</h2>
<p style="text-align: justify">Trump’s running mate J.D. Vance also criticized Gensler, calling him the “worst person” to regulate cryptocurrencies due to his outdated and overly politicized approach to crypto policy.</p>
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-372638 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/gary-gensler.png" alt="" width="610" height="738"></p>
<p style="text-align: justify">This criticism strengthens the possibility of Gensler resigning under a Trump administration. Thielen points to several bullish factors for the crypto market, indicating potential positive developments <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">in the near future</a>. There are news and rumors that Trump might make a significant announcement at a Bitcoin conference in Tennessee on July 25.</p>
<h2 style="text-align: justify" id="increased-hopes-for-bitcoin-s-future">Increased Hopes for Bitcoin’s Future</h2>
<p style="text-align: justify">There is speculation that Trump could declare Bitcoin a strategic reserve asset, and Thielen believes this could trigger a parabolic increase in Bitcoin’s price. Thielen advises <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a> not to take profits or short Bitcoin before Trump’s speech, suggesting that Bitcoin could surpass its all-time high of $73,777 following a significant move expected in the coming months.</p>
<p style="text-align: justify">Despite political uncertainty in the U.S., many analysts remain optimistic about the future of Bitcoin and the <a href="https://en.coin-turk.com/russia-abandons-national-crypto-exchange-plan-embraces-regulatory-framework/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency market</a>. It is believed that the worst of Bitcoin’s price movement is behind us due to the German government’s sales and the collapse of the crypto exchange <strong>Mt. Gox</strong>. Analysts suggest that the crypto market is poised for recovery and growth, supported by positive political developments and increased Bitcoin adoption.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/markus-thielen-predicts-gary-gensler-will-resign-in-early-2025/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Markus Thielen Predicts Gary Gensler Will Resign in Early 2025</a></h5>

Markus Thielen Predicts Gary Gensler Will Resign in Early 2025

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Інші статті, опубліковані 22 лип. 2024 р.

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