SEC Chair Gary Gensler’s “Resignation” Announcement Leaves Crypto Community in Shock

SEC Chair Gary Gensler Dupes Users with Fake Resignation Announcement

In a surprising turn of events, United States Securities and Exchange Commission (SEC) Chair Gary Gensler duped more than a few users into believing he was resigning from his position on Wednesday, only to reveal that he is “not done” yet.

In a series of posts on social media, Gensler initially thanked the SEC staff for their service and highlighted the enforcement actions and rules finalized under his leadership. Many interpreted these posts as a farewell message, leading to speculation about his resignation.

However, Gensler ended the suspense by declaring, “And we’re not done,” leaving many surprised and amused by his unexpected twist.

The posts quickly went viral, garnering over 1.1 million views and sparking a mix of reactions from the crypto community. Some praised Gensler for his trolling skills, while others criticized his focus on enforcement actions.

Under Gensler’s leadership, the SEC saw a significant increase in crypto-related enforcement actions, with 46 cases brought against crypto firms last year alone. This aggressive approach has drawn criticism from industry executives and lawmakers who accuse Gensler of using a “regulation by enforcement” strategy.

Despite the backlash, Gensler remains steadfast in his belief that crypto markets are rife with fraud and manipulation, urging companies to comply with regulations.

In response to Gensler’s post, the crypto community found its own way to push back against the SEC Chair’s tough stance. The saga continues as Gensler navigates the complex world of crypto regulation, leaving many wondering what his next move will be.