Cryptocurrency Market Analysis Firm Predicts Higher Likelihood of SEC Chairman Gensler's Resignation in 2025

IconCryptoNewsTerminal Staff21 Jul, 2024

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Cryptocurrency Market Analysis Firm Predicts Higher Likelihood of SEC Chairman Gensler's Resignation in 2025

Cryptocurrency market analysis firm 10X Research has predicted an increased likelihood of Securities and Exchange Commission (SEC) Chairman Gary Gensler resigning in early 2025. This prediction comes after the withdrawal of former President Donald Trump's rival, Joe Biden, from the 2024 presidential race. 10X Research suggests that the lack of a strong challenger to Trump has raised the probability of a pro-cryptocurrency administration being elected in the upcoming election. As a result, they believe that Gensler might step down before the end of his term in June 2026, potentially as early as January or February 2025.