Resignation of SEC Chairman Gary Gensler

SOURCE www.breitbart.com
SEC chairman Gary Gensler will resign in January, potentially allowing President-elect Donald Trump to appoint a pro-crypto, anti-climate-change-policy chairman. Gensler faced controversy over pushing climate change policies and targeting cryptocurrency companies. The SEC proposed climate change disclosure rule would require extensive reporting on climate-related costs and risks by public companies.

Key Points

  • Resignation of Gary Gensler as SEC chairman in January
  • Potential impact on cryptocurrency industry with new SEC chairman appointment
  • Proposed climate change disclosure rule by the SEC for public companies

Pros

  • Potential for a new SEC chairman more favorable to the cryptocurrency industry
  • Increased focus on climate change disclosure by public companies

Cons

  • Controversy surrounding Gensler's actions as SEC chairman
  • Disputes with the crypto industry and lawsuits against digital asset companies