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).

ChainCatcher news, November 7, Coinbase Chief Legal Officer Paul Grewal recently stated that significant changes are expected in the SEC's cryptocurrency-related cases under the leadership of the new Trump-nominated SEC chairman. Grewal revealed to reporters, "I believe the new administration will re-examine all cryptocurrency cases brought during Gary Gensler's tenure, distinguishing between clear fraud cases and non-fraud cases."Although Grewal did not explicitly state that the cases against Coinbase and other companies under investigation for alleged securities violations would be dismissed, he seemed optimistic that the changes in SEC leadership and the establishment of clear rules would lead to a new review.

ChainCatcher news, according to Bitcoin Magazine, U.S. Congressman Tom Emmer stated that he looks forward to working with Donald Trump to fire SEC Chairman Gary Gensler.

ChainCatcher news, according to The Block, SkyBridge Capital founder and managing partner Anthony Scaramucci stated that some U.S. cryptocurrency supporters are currently working with Vice President Kamala Harris to push the Democratic Party away from Senator Elizabeth Warren and SEC Chairman Gary Gensler.Anthony Scaramucci indicated that this could lead to more positive legislation and clearer regulations regarding stablecoins and a broader cryptocurrency regulatory framework. The election of former President Donald Trump could trigger an "avalanche" against his campaign opposition, which may pose a "danger" to achieving bipartisan consensus on cryptocurrency policy in the U.S.

ChainCatcher news, according to Bloomberg, major Democratic donors on Wall Street are intensifying their efforts to urge Vice President Kamala Harris's team to replace Federal Trade Commission (FTC) Chair Lina Khan and Securities and Exchange Commission (SEC) Chair Gary Gensler if she wins the election in November.According to informed sources, these wealthy donors have repeatedly named Khan during calls and fundraising events, accusing her of hindering the development of the tech industry and other economic sectors. Since IAC Chairman Barry Diller and LinkedIn co-founder Reid Hoffman publicly called for Khan's removal in July, discussions about a private replacement have become increasingly heated.At the same time, some insiders have indicated that bipartisan donors are also dissatisfied with Gensler, believing he has an arrogant attitude towards Wall Street. Billionaire Mark Cuban stated this week to CNBC that he has asked the vice president's team to consider him for the SEC chair position.Although donors may continue to lobby privately, they are unlikely to stop their contributions over the issue of Khan's fate. Harris's team has also not made a clear statement to donors regarding Khan's position. FTC spokesperson Douglas Farrar declined to comment, while SEC spokesperson stated that its initiatives are aimed at improving the efficiency, transparency, and resilience of U.S. capital markets.

ChainCatcher news, Ripple Labs CEO Brad Garlinghouse predicts that regardless of the outcome of the upcoming presidential election, SEC Chairman Gary Gensler will be removed from his position.Garlinghouse discussed U.S. crypto policy in light of the November elections, stating, "Technology should bridge political divides, and I expect that as the election progresses, cryptocurrency will become more bipartisan."He noted that while the Republican Party has taken a more proactive stance on cryptocurrency, some Democratic leaders also believe that these technologies are key to maintaining America's technological leadership.

ChainCatcher news, Anthony Scaramucci, the founder and managing partner of global investment firm Skybridge Capital, stated that SEC Chairman Gary Gensler hopes Harris loses the election.

ChainCatcher news, Gemini co-founder Tyler Winklevoss recently emphasized the political power held by 50 million Americans who own cryptocurrency on X.Winklevoss urged cryptocurrency holders to unite and pressure Vice President Kamala Harris to fire SEC Chairman Gary Gensler before the presidential election on November 5. He believes that this collective action could end the "war on cryptocurrency" and make cryptocurrency issues a bipartisan concern.