Gary Gensler’s Days As SEC Chair Are Now Numbered

Gary Gensler’s days as SEC Chair are now numbered, and retail investors across the country are eager for new changes to take place soon.

Investors want the removal of Gary Gensler following Trump’s presidential win as seen across various retail communities on social media.

Retail investors are calling for the removal of SEC Chair Gary Gensler, both in the crypto and stock communities on X.

In Trump’s address at the Bitcoin 2024 conference in Nashville, Tennessee, he stated: “On day one, I will fire Gary Gensler.”

Trump landed a total of 292 electoral votes vs. Harris, who received only 224.

The biggest presidential comeback in U.S. history triggered big gains across the markets.

Bitcoin (BTC) saw a surge to new all-time highs during Trump’s lead and victory.

The S&P 500 also hit a new 52-week high of 5,924.06, while the NASDAQ hit a record breaking 18,954.58.

Investors have scrutinized the SEC Chair for a number of reasons, including failing to protect companies from illegal short selling practices, as well as for being too strict on cryptocurrencies, rather than seeking innovative reform.

Investor rights has been a priority for President Donald Trump after his social media company Truth Social experienced illegal market manipulation by Citadel Securities.

AMC, GameStop, Overstock, XRP, & MMTLP are just a few of the retail communities who have stood up against illegal short selling practices or other injustices in the market.

For example, the MMTLP community — which has one of the most unique stories — has had direct contact with congress members regarding fraud in the security and markets in general.

XRP’s battle with the SEC has largely impacted sentiment on the cryptocurrency and affected its pricing to one degree or another.

Investors want Gary Gensler out, and they want him out now.

The question now is, will two heads then replace one head getting cut off?

The problems might just be deeper than we think.

Also Read: How Macroeconomics and Monetary Policy Shape Bitcoin in 2024

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About The Author

Frank Nez

Frank Nez is an American retail journalist whose research has been cited by SEC and Congressional reports. Frank Nez has been featured by prominent outlets such as TheStreet and NewsBreak. ‘Daily Crypto News’ is now an official CoinMarketCap news source.

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