Analyst Markus Thielen, CEO of crypto research firm 10x Research, believes that Gary Gensler may resign from the SEC in the coming months due to the upcoming regime change. Gensler, appointed by Joe Biden in 2021, has led an aggressive crackdown on U.S. crypto exchanges and projects, which some see as a hostile stance towards the sector.
Thielen notes that the SEC chairman typically resigns when a new president takes office, aligning with the incoming administration’s preferences. If historical patterns hold, Gensler may resign in December or January, with a new SEC chair potentially confirmed by April or May.
