• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: Trump Can’t Fire Gensler Without Cause, But These Missteps Could Make It Possible
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Crypto News > Trump Can’t Fire Gensler Without Cause, But These Missteps Could Make It Possible
Crypto News

Trump Can’t Fire Gensler Without Cause, But These Missteps Could Make It Possible

vitalclick
Last updated: November 9, 2024 9:23 am
7 months ago
Share
SHARE

Contents
SEC Twitter Hack (January 2024)Grayscale Bitcoin ETF Rejection (August 2023)DEBT Box Case (2023-2024)

Can Trump Really Fire SEC Chair Gary Gensler? The short answer is yes and no. For the unversed, Trump promised to fire Gary Gensler on his first day in office if elected. Now that Trump has won and will take office on January 20, Gensler’s potential removal could become a key issue, especially with the ongoing Ripple case heating up.

As the head of an independent agency, the SEC Chair cannot be removed at the President’s discretion. To fire Gary Gensler, the President would need a “for cause” reason—such as documented inefficiency, neglect of duty, or misconduct. Author and Economist Timothy Peterson took to his X handle and listed reasons Gensler Could Be Fired: 

SEC Twitter Hack (January 2024)

The SEC’s Twitter account was hacked in January 2024, spreading false information that the SEC had approved a Bitcoin ETF. This caused Bitcoin’s price to spike and then drop sharply, leading to $19 billion in losses for investors. The SEC’s failure to protect its account raised serious concerns about its competence.

Ripple Court Ruling (July 2023)

In July 2023, a judge ruled against the SEC in its case against Ripple Labs, rejecting the idea that XRP should be considered a security. This decision exposed the SEC’s overreach and resulted in $3.75 billion in losses for XRP investors due to price suppression by the SEC.

Grayscale Bitcoin ETF Rejection (August 2023)

The U.S. Court of Appeals ruled that the SEC’s rejection of Grayscale’s Bitcoin ETF was “arbitrary and capricious,” meaning it was an unfair and unjustified decision. The SEC’s actions resulted in $75 billion in losses for Bitcoin investors.

DEBT Box Case (2023-2024)

The SEC’s case against DEBT Box in 2023 faced criticism after the agency made false statements to secure court orders. In 2024, a judge dismissed the case and ordered the SEC to pay $1.8 million in legal fees. The case caused $300 million in losses to investors.

You Might Also Like

Avalanche (AVAX) Large Txn Volume Soars 340%, Bullish Sign?

US Presidential Elections May Cause a Storm in the Cryptocurrency Market! Expert Guided Investors!

Binance Denies Involvement in Massive $235M Crypto Hack

Are Refunds Over for Celsius (CEL) Creditors?

How GOP Senate Hopes to Reshape US Crypto Regulations

TAGGED:CryptoNews
Share This Article
Facebook Twitter Email Print
Previous Article Ethereum Hit’s $3000-ETH Price at the End of a Pre-Bull Run Phase; a 100% Rally is Imminent
Next Article Among Trump’s SEC Presidential Candidates! Another Bullish Signal for Cryptos?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?