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International Business Times
International Business Times
Business
Marvie Basilan

Crypto Celebrates Gensler's Exit – Bitcoin Hits $99K, $XRP Leads Gains

Gary Gensler SEC Crypto XRP Bitcoin Donald Trump Justin Sun blockchain Inauguration
Gary Gensler's tenure in the SEC made him an infamous name in the crypto space. (Credit: YouTube Screenshot/Bloomberg Television)

KEY POINTS

  • TRON founder Justin Sun said Gensler's exit is 'a little too late' considering the damage he brought on the industry
  • Cypherpunk Sal Mayweather called Gensler the 'worst bureaucrat' the country has ever seen
  • The XRP Army is going wild on X, posting memes and statements of relief now that Gensler is leaving

Celebrations are underway across the cryptocurrency community after U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler announced he will step down on Jan. 20, 2025.

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