Gary Gensler takes the lead. While Donald Trump had promised to fire the president of the Financial Markets Regulatory Authority (SEC), the latter announced this Thursday that he will leave his post early. Gensler did not say when he planned to leave the SEC, but he was expected to leave before President-elect Donald Trump was sworn in on January 20.
Gary Gensler has presided over a period of hyperactivity in the SEC's regulatory process for the crypto industry. “The SEC fulfilled its mission and enforced the law without fear or favor,” he said in a statement. The stock market watchdog had notably imposed new transparency requirements on private equity managers but also extended its repressive campaign against cryptocurrency companies.
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After the fall of the famous platform having embezzled the money of its FTX clients, the regulator put pressure on other major exchange platforms in the sector. The SEC has thus taken legal action against three of the largest exchange platforms, Binance, Coinbase and Kraken, as well as a series of smaller start-ups. “The president of the SEC is clearly the emblem of the system’s fierce fight against the crypto sector”explains Stéphane Ifrah, analyst at Coinhouse, to AFP.
Trump promises pro-cryptocurrency policy
A positioning opposite to that of the newly elected president. In addition to having promised to fire the head of the American financial policeman, Donald Trump hadsure you want to make the United States “the world capital of bitcoin and cryptocurrencies”. In particular, he wishes To do this, constitute a national reserve by retaining the 210,000 bitcoins (currently $19 billion) acquired by the American state.
In addition to these announcements, according to Bloomberg,Donald Trump's team is reportedly talking with the digital assets industry to create a possible new White House position exclusively dedicated to crypto policy. The new president's team is already examining candidates for this position, the American media said, citing people familiar with the transition efforts.
Bitcoin close to $100,000
This news should boost the price of bitcoin, which has soared by more than 40% since Trump's victory on November 5 to reach $98,359 this Thursday at 8 p.m. Paris time. It is now valued at $1.936 billion, more than Meta's market capitalization ($1.42 trillion)
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« Bitcoin is on its way to a phenomenal $100,000 valuation, driven by growing confidence that the Trump administration will usher in a crypto-friendly era, and speculators are rallying behind this narrative, fueling the frenzy. » of the market, observed Stephen Innes, analyst at SPI Asset Management.
(With agencies)
