Gary Gensler Expected To Resign After Biden Exit - Which Crypto Coins Can Benefit The Most?

Speculation Mounts Over Gensler's Potential Resignation in 2025

There is growing speculation that Securities and Exchange Commission (SEC) Chair Gary Gensler could resign in early 2025, regardless of the outcome of the upcoming US Presidential elections. This comes after President Joe Biden endorsed Vice President Kamala Harris as his successor, effectively ending his re-election campaign.

Impact on Cryptocurrency Market

Gensler's departure would be a bullish scenario for the cryptocurrency market. His anti-crypto stance has faced criticism from industry insiders, investors, lawmakers, and federal judges. Experts believe that coins like XRP and Solana could surge in value upon Gensler's exit.

Anti-Crypto Stance and Political Ramifications

Gensler's stance is said to have negatively impacted the cryptocurrency industry and the Biden administration politically. The number of crypto holders in the US has increased significantly, and Republican candidate Donald Trump has garnered support from crypto investors due to his pro-crypto views.

Possibility of Gensler's Resignation Even Under Harris Presidency

Experts suggest that Gensler could resign even if Kamala Harris wins the election. The VP may seek to distance herself from Biden and Gensler's anti-crypto stance to secure a victory in November. Additionally, SEC chairmen typically depart within a year of a new President from the same party.

Crypto Coins Poised to Benefit

• XRP: A favorable court ruling and decreased likelihood of an appeal under a new SEC administration could boost its price.
• Solana: Increased odds of spot Solana ETF approval could provide a significant boost.
• New Meme Coins: Coins like WienerAI and Pepe Unchained could see heightened demand and returns, particularly due to their innovative features and strong presale performance.

Disclaimer

This article is provided for informational purposes only and does not constitute legal, tax, investment, or financial advice.