It’s the one piece of news that has got cryptocurrency investors buzzing. U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler — a villain for the blockchain community who aggressively hounded enterprises specializing in decentralized financial services — will step down from his post on Jan. 20.
As Barchart content partner AP noted, “Gensler pushed changes that he said protected investors, but the industry and many Republicans bristled at what they saw as overreach.” With the election of Donald J. Trump to a second non-consecutive term, the writing was on the wall. During the campaign trail, Trump threatened to remove the regulator.
