Good riddance. He did more harm than good to the crypto industry in America. With Trump winning the Presidency again, Uncle Gary would have no choice but to resign. Even if he stayed, President Trump would fire him. Now that Gary Gensler will be out of the picture, the crypto industry will triumph once more. Perhaps, exchanges who left the country will make a comeback (Bittrex, Binance.US, etc). US citizens will now be able to participate in ICOs and trade on numerous exchanges due to the incoming administration's friendly stance towards the crypto/Blockchain industry.

Appointing Teresa Goody as SEC chairman is a wise decision. Now all that's left is for the US government to make its own BTC reserves, and nothing should stop Bitcoin from going to Mars. The next 4 years will mark the "Golden Age" of crypto in the US and abroad. Maybe BTC will finally reach $1m? I can't wait for that to happen. I'd expect a long-lasting bullish market without Uncle Gary in the picture. Cheers.

The trouble with Gensler leaving is that Trump is still an unknown X factor in all of this. While the price did go up after he got elected, that was just people assuming he will be great to bitcoin because he was in bitcoin conference. Remember, this is his last election and he is free to do whatever, he will never be candidate again, and that's why we can't do anything better about this just yet, since he could do whatever he wants, SCOTUS is with him, and things could go very wild for a very long time as well.

We can't keep him to his promise, what's going to happen at worst? If he does dirty to bitcoiners, then people won't vote for him? He already won his last one, there is nothing to threaten him with anymore, his promises mean nothing now. It's a scary thing, hope he keeps his word, and appoints a pro-bitcoin person.

I think that buying on ATX is a bad idea, I understand that now people may have a period of great euphoria and they will most likely buy, but I do not expect a very big growth after reaching 100k, but when there is extreme greed in the market, they will buy at any price, then due to lack of experience they will become long-term holders, because they will know higher values.

Gensler's dismissal will be an expected event, but maybe during the dismissal the market will not react as strongly as it happened now, because the news is already having an impact.

What are you saying about he gives a room for crypto development? while the fact is the one who lead crypto crackdown in US. See this article https://apnews.com/article/sec-gensler-trump-bitcoin-12ed7655830172800a4741a6cb39f372

He's well known evil on crypto scene and I'm not surprised about what he did since he's a banker so provably he won't really support crypto because of that matters.

Geinsler withdrawal is one good thing happen in US government since we already see a crypto hater official step down on his office and hopefully their next secretary is a true pro crypto expert.

The standards of the SEC was so tough and not very friendly to crypto users which made lot's of us see him as a threat to Cryptocurrency (Bitcoin) especially, but with the emergence of a Crypto lover like Trump we'll experience good times and most of those strict standards of the SEC that's been so frustrating would be put an end to by the new SEC chairman that would be appointed by Trump which would probably be a Crypto lover. I believe that Cyrpto haters would be furious about Gensler announcing his resignation but to the support of Crypto, hearing that would be one of their happiest moments. Well, it's understandable if people are uncertain about Trumps promises based on his previous speeches about dislike for Cryptocurrency but on thing is a fact (change is constant).

In fact, we don't need to care whether Trump actually likes crypto or not, it doesn't matter because as president he has more important issues to deal with. What we need is as long as he is not too strict with it and supports its existence, then that is our victory.

Not only you but many people, especially Democrats are still skeptical about his promises. Trump may not have delivered on all his promises, but Gary abruptly resigned even before Trump officially took office. That shows Gary knows something we don't and I believe it would put him at a disadvantage if he stayed so he decided to resign. Through Gary's resignation, we can be sure that Trump will become a pro-crypto president.

He may be seen as good for the crypto space, but he may not deliver on all of the points that he made before. There would be nothing wrong or bad about that because - he is no crypto enthusiast at heart in the way we understand that term, he uses some themes here and there to be more appealing for that or this audience - that's how I see it.
But I do hope that, during his term, we will have a ride of good news ahead of us, just like this recent one about Harry.

It's very good and I hope the next person would do more better than him because the career of Gensler is dynamic, to say the least, as it is full of controversies and discussions. For the time that Gensler has been active in the SEC, the agency has been active in bringing regulation to the crypto sphere. The SEC has taken enforcement actions against crypto brokers for fraudulent activities, wash trades, unregistered selling, among other violations of the law.

https://www.fxempire.com/forecasts/article/xrp-news-today-gary-gensler-resigns-sec-appeal-in-limbo-as-btc-hits-98k-1478030

I'm certain Gary's replacement will do an outstanding job within the next 4 years. A lot of spot ETF applications might be approved under Teresa Goody's watch. It's likely we'll see a Solana ETF, an XRP ETF, and even a Litecoin ETF approved soon. Exciting times ahead for the crypto industry in America and abroad. Having Uncle Gary off the picture is a huge relief to many. It's been nothing but aggressive crackdowns under his tenure. The market already reacted positively to this news.

It seems that Trump will be taking Bitcoin and other cryptocurrencies seriously. With many pro-crypto officials in his administration, anything's possible. At least, BTC will be riding off into the sunset. I can sense it going to $1m real soon...