🚨 Sudden: SEC Chairman Gary Gensler Resigns, Market Reaction Warm! 🚨 On January 20, 2025, Gary Gensler announced his resignation as Chairman of the U.S. Securities and Exchange Commission (SEC), which instantly shook the cryptocurrency industry. Since taking office in 2021, Gensler has been widely known for his tough regulatory policies, and his regulatory measures on the cryptocurrency industry have put enormous legal pressure on many businesses. 📉 Gensler's regulatory storm: market turbulence Gensler has led over 100 lawsuits against cryptocurrency companies, demanding that many tokens be classified as securities, posing significant challenges to platforms such as Binance and Coinbase. And his push for the approval of Bitcoin and Ethereum ETFs has also undergone a long period of legal review. 💼 After Trump's election, Gensler's resignation is inevitable With the election of encryption friendly Donald Trump as president, Gensler's resignation seems to have become a predetermined outcome. Trump had promised to 'fire' Gensler and appoint leaders who support the cryptocurrency industry, a change that may bring more benefits to the cryptocurrency market. 📊 Market response: Price increase, investors optimistic The news of Gensler's resignation has triggered a positive reaction in the market, with mainstream cryptocurrencies such as Bitcoin and Ethereum experiencing short-term price increases. Investors are optimistic about the future regulatory environment. 💼 Future outlook: Regulatory loosening may occur After the new acting chairman of the SEC, Mark Uyeda, takes over, it is expected that regulatory policies may become more relaxed, encouraging innovation in the cryptocurrency industry. However, the industry still needs to address the remaining legal challenges.