ChainCatcher news, cryptocurrency exchange Gemini co-founder Tyler Winklevoss announced on the X platform that as long as the Massachusetts Institute of Technology (MIT) is associated with Gary Gensler, the exchange will not hire any graduates from the school, and Gemini's summer internship program will also not hire interns from MIT.

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on X: "Former U.S. SEC Chairman Gary Gensler has returned to MIT as a practice professor in the Global Economics and Management Group and the Finance Group.According to the university, he will teach and research artificial intelligence, finance, fintech, and public policy."

ChainCatcher News, SEC Chairman Gary Gensler has officially resigned.According to new appointment documents released by the White House, Mark Uyeda has been appointed as the acting chairman of the SEC.It is reported that Uyeda is a Republican and has served as an SEC commissioner since June 30, 2022. Before becoming an SEC commissioner, Uyeda worked at the SEC for over 15 years. FOX Business previously reported that Mark Uyeda aims to assist Trump in fulfilling the promise to end the Biden administration's so-called "crypto war."

ChainCatcher News, the U.S. SEC stated in a statement that today is Gary Gensler's last day serving at the U.S. Securities and Exchange Commission. Chairman Gensler has a long history of public service and joined the SEC in 2021.Previously, he served as the Chairman of the Commodity Futures Trading Commission, Deputy Secretary of the Treasury responsible for domestic finance, Assistant Secretary of the Treasury for Financial Markets, and Senior Advisor to U.S. Senator Paul Sarbanes. He brought his extensive experience and knowledge in financial markets to the chairmanship, and we worked together to advance the Commission's mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.Although as commissioners we approached policy issues from different perspectives, we maintained dignity in our disagreements. Chairman Gensler has been committed to bipartisan cooperation and the exchange of ideas with mutual respect, which has helped enhance our service to the American public. For this, we are deeply grateful.

ChainCatcher news, according to The Block, U.S. Securities and Exchange Commission Chairman Gary Gensler has indicated that he will resign in January when Trump takes office, which may impact some regulatory rules in the process.The U.S. Securities and Exchange Commission previously formulated a rule that could circulate in the cryptocurrency industry, called "Regulation ATS," which reopened for public comment this April, aiming to expand the definition of exchanges and potentially requiring decentralized projects to register with the agency as alternative trading systems.However, DeFi Education Fund CEO Miller Whitehouse-Levine believes that if Gary Gensler does not adopt the ATS regulation before Trump takes office, it may not be confirmed in the same way in the future, "or they could scrap it altogether," but it depends on what the priorities of the U.S. Securities and Exchange Commission are.

ChainCatcher news, after President Trump is inaugurated on January 20 next year, Hester Peirce, the U.S. Securities and Exchange Commission (SEC) commissioner who will remain in office, stated that there should be a significant shift in the SEC's approach to the crypto industry after SEC Chairman Gary Gensler departs. We have a large toolkit, and I believe that when you see the new committee changes and composition changes, the mix of cases will also change.

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on X that sources revealed Trump is expected to announce the successor to Gary Gensler as the new SEC chairman as early as tomorrow.

ChainCatcher news, crypto lawyer John Deaton stated that SEC Chairman Gary Gensler, while refusing to meet with U.S. cryptocurrency executives like Coinbase CEO Brian Armstrong and Kraken CEO Jesse Powell, held a private meeting with FTX's SBF. He questioned whether the $10 million donation from SBF to politicians was related to the special regulatory treatment he received and demanded that the SEC make the relevant meeting records public.

ChainCatcher news, according to an official announcement, SEC Chairman Gary Gensler will resign on January 20.The announcement mentioned that in the last full fiscal year, although the cryptocurrency market accounted for less than 1% of the U.S. capital markets, 18% of the tips, complaints, and referrals received by the SEC were related to cryptocurrencies. Courts have supported the Commission's actions to protect investors and dismissed all arguments regarding the SEC's inability to enforce the law when issuing securities—regardless of the form of the securities issuance.It is reported that Trump's presidential term will also begin on January 20.

ChainCatcher news, according to a report by Fortune, Blockchain Association Executive Director Kristin Smith commented that the regulatory actions of the U.S. Securities and Exchange Commission (SEC) against the crypto industry have resulted in American companies paying over $400 million in legal defense costs. This data highlights the excessive regulation of the crypto industry during SEC Chairman Gary Gensler's tenure.According to the latest poll by the Blockchain Association and HarrisX, two-thirds of voters support the establishment of crypto market rules by Congress rather than unelected regulatory agencies. Notably, the crypto industry targeted by the SEC accounts for only 0.25% of the global market, yet its enforcement actions have led to the migration of innovation, job opportunities, and economic development overseas.The Blockchain Association emphasizes that the SEC's losses in the Ripple case and other significant setbacks highlight the flaws of the "regulation by enforcement" strategy. The association calls on Gensler to immediately cease enforcement actions against crypto companies and instead focus on an orderly transition so that his successor can implement a regulatory framework that aligns with congressional intent and market realities.

ChainCatcher news, Gemini co-founder Tyler Winklevoss lambasted Gary Gensler on the X platform. He stated: Gary Gensler should never hold a position of influence, power, or authority again. Any company, university, or organization that hires or collaborates with him after the SEC is a betrayal of the crypto industry and should be strongly resisted. This is the only way to prevent such abuses of government power from happening again in the future.Gary Gensler's actions cannot be explained as a good-faith mistake. His behavior is entirely calculated and deliberate, aimed at advancing his personal political agenda at all costs, even if it means destroying an industry, tens of thousands of jobs, people's livelihoods, billions of dollars in investment capital, and more. Ironically, his antisocial ambitions ultimately ruined his own party.No amount of apologies can make up for the damage Gary Gensler has done to the crypto industry and the country. Such a person should not be in any institution, large or small. Americans have had enough of their tax dollars going to a government that is supposed to protect them but is instead used by politicians who want to undermine their success. It is time to put an end to this pathology once and for all.

ChainCatcher news, according to Fox Business reporter Eleanor Terrett's post on the X platform, some Republican members of the Financial Services Committee, led by U.S. Congressman John Rose, have sent a letter to SEC Chairman Gary Gensler and FINRA CEO Robert Cook, expressing concerns about their continued silence regarding the Ethereum custody service launched by Prometheum Inc. in May of this year, which the relevant regulatory agencies believe falls under the so-called "crypto asset securities."The letter points out that the silence of these agencies on this matter indicates that, given the SEC has already acknowledged that ETH is not a security, and the term "crypto asset securities" does not apply to the tokens themselves but rather to the manner in which the tokens are sold, it has created market confusion and uncertainty.John Rose stated in the letter: "Participants in the digital asset space deserve certainty from regulators, yet under Gary Gensler's leadership, they have only received chaos and confusion. I hope that as Chairman Gary Gensler cleans out his office, he will seriously listen to our concerns and provide some real guidance before he leaves."

ChainCatcher news, Fox Business reporter Eleanor Terrett stated on the X platform that although the candidate for SEC Chairman remains unknown, Gary Gensler seems increasingly likely to voluntarily resign, choosing not to complete his term as commissioner (which expires in 2026).Sources in Washington are rumored that Gary is likely to announce his resignation after Thanksgiving (November 28), in early January (before Trump's inauguration).