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The Guardian - UK
The Guardian - UK
Business
Mark Sweney and Graeme Wearden

Bitcoin rises after SEC chair says he is to step down when Trump is inaugurated

Gary Gensler,
Gary Gensler, who led a crackdown on the crypto-sector, will step down as chair of the US Securities and Exchange Commission on 20 January. Photograph: Mike Segar/Reuters

Cryptocurrencies have risen sharply after one of the industry’s biggest critics, Gary Gensler, said he would stand down as the head of the US financial regulator when president-elect Donald Trump was inaugurated in January.

In a post on X, Gensler confirmed he would resign from the US Securities and Exchange Commission (SEC) on 20 January.

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