Is Uncle Gary leaving the SEC?

[Z-tight]

This might make the cryptospace more free and very much more open for more inflows to enter.

That is a good thing, but it can also be negative if more scam services and tokens find it easier to operate and scam people, i simply want a balance, regulation shouldn't be by enforcement and the laws and regulations should be clearer for crypto firms and projects to follow. It is interesting to look forward to what the industry would look like next year, hopefully we are on for a good and progressive ride, no?

[bbc.reporter]

@Z-tight. Have uncle Gary's tactic of regulation through enforcement stopped the scammers from scamming people in the world? Are you implying that these policies of uncle Gary should be continued because you only think they were very much effective?

The rules can be enforced on a much better way without this oppression being done by uncle Gary. However yes, I will miss him heheheh.

[Z-tight]

@Z-tight. Have uncle Gary's tactic of regulation through enforcement stopped the scammers from scamming people in the world? Are you implying that these policies of uncle Gary should be continued because you only think they were very much effective?

No, that is not what i was implying, i have openly criticized Gary Gensler's regulation by enforcement, i feel it was too harsh on crypto firms and projects. However, the point i was making is that i hope we find a balance, of course scammers cannot be eradicated completely, no matter the policy in place, i just hope the new sec chair will be able to allow the network progress and still clampdown on shady services.

[zasad@]

https://truthsocial.com/@realDonaldTrump/posts/113595807734621827

"I am delighted to announce the nomination of Paul Atkins to be the next Chairman of the Securities & Exchange Commission.
 
Paul is a proven leader for common sense regulations. He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.
 
Paul is the CEO & Founder of Patomak Global Partners, a risk management consultancy. As Co-Chairman of the Digital Chamber’s Token Alliance since 2017, he has worked on & studied the digital assets industry. A former SEC Commissioner from 2002-2008, Paul strongly advocated for transparency & protecting investors. He earned a J.D. from Vanderbilt University School of Law, & his A.B. from Wofford College, summa cum laude, Phi Beta Kappa.
 
Congratulations to Paul, his wonderful wife, Sarah, & sons, Stewart, Peter, & Henry."

[bbc.reporter]

This is a shocking approval from uncle Gary's approval. Did he receive a Christmas gift? I reckon he cannot anymore use his regulation through enforcement tactic because he will certainly be investigated if he will continue to do this. There were people on social media who were shouting that this listing in the American stock market for Exodus was always being delayed by uncle Gary.



Crypto wallet company Exodus Movement (EXOD) has been approved to list on the NYSE American, the New York Stock Exchange's sibling market.

Exodus, which will be listed under its current ticker at the open of trading on Dec. 18, was originally meant to be listed on NYSE American in May, but the U.S. Securities and Exchange Commission (SEC) said it was still reviewing the company's registration.

Read in full https://www.coindesk.com/policy/2024/12/16/sec-approves-crypto-wallet-maker-exodus-to-list-on-nyse-american-after-denying-it-in-may

[zasad@]

Crypto industry awaits Trump's CFTC chair pick as Behnam announces exit
https://www.foxbusiness.com/politics/crypto-industry-awaits-trumps-cftc-chair-pick-behnam-announces-exit

6 candidates to head the CFTC:

"Brian Quintenz is head of crypto policy at Andreessen Horowitz (a16z), 
Marco Santori is the former chief legal officer of cryptocurrency exchange Kraken, 
Summer Mersinger and Caroline Pham are current members of the CFTC, 
Neil Kumar and Josh Sterling are former high-ranking commission officials. "

[zasad@]

Farewell interview.
Gensler Talks SEC Exit and Crypto's Future
https://www.youtube.com/watch?v=zO_omz8R_RM
"Securities and Exchange Commission Chair Gary Gensler comments on his tenure as SEC chair and the outlook for crypto. He speaks with David Gura on "Bloomberg Markets." Gensler will step down from the SEC on January 20, 2025."

Uncle Gary has started to speak honestly now

[bbc.reporter]

I will assume that everyone has heard of the president of Argentina, the Libra scandal and the connection to the American Hayden Davis of Keisler Ventures, Kip Protocol, Meteora cofounder and some influencers? This is a very big scandal and this has not ended.

In any case, I only want to express my apologies to uncle Gary. I want to tell him, mr. uncle Gary, you were right. If you were still the SEC chairman, you would have protected us from this scam. Thank you for your protection before. We will miss you.


Uncle Gary, SEC Chairman 2021-2025

[zasad@]

I can't help but post this news
Uncle Gary considered almost all cryptocurrencies except Bitcoin as securities
https://www.coindesk.com/policy/2025/07/31/u-s-sec-chairman-atkins-says-agency-pursuing-project-crypto-to-elevate-industry

SEC’s Atkins: 'Most Crypto Assets Are Not Securities' Under Bold New Vision
Paul Atkins, the head of the Securities and Exchange Commission, said "most crypto assets are not securities."

How quickly things change in politics. Yesterday NO, today YES, What will happen tomorrow?