Gary Gensler officially resigned from the SEC chairman position, but unfortunately, he initiated a new legal battle for the Helium network.
Gary Gensler, the chairman of the United States Securities and Exchange Commission (SEC), has been known for his crypto-hater stance. Between 2021 to 2024, he initiated many enforcement actions against multiple crypto companies. In Dec 2024, Gensler confirmed that he would resign from the chairman position just before the inauguration of Donald Trump in the presidential office.
Gary Gensler officially resigns as SEC chair. pic.twitter.com/fKbsFafpQq
— Bitcoin Archive (@BTC_Archive) January 20, 2025
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Three days ago, Gensler talked about his tenure at the SEC and shared his thoughts on how he did his job perfectly to protect the investors.
On 20 Jan 2025, Donald Trump assumed the US presidential chair, and with that, Gensler left his role at the SEC agency.
However, many people in the crypto sector shared their happiness for this ProCrypto moment and called it a new era for the crypto sector, but Gensler silently played the last game against a crypto project.
The latest reports noted that the SEC body filed a suit against the Helium network crypto project, and these reports crashed the trade price of this Helium ($HNT) Cryptocurrency badly.
SEC leadership transition
Hours after the inauguration in the presidential office, President Donald Trump picked Mark Uyeda, one of the top officials at the SEC agency, to lead the agency until a permanent chair is confirmed.
Hester Pierce, a pro-Crypto SEC commissioner, welcomed Uyeda as a new acting chairman.
Crypto hater Gary Gensler officially resigned but filed suit against the Helium crypto project
