Gary Gensler is currently facing the possibility of being removed from his position at the SEC. This potential change comes in light of comments from President Trump, who has promised to implement modifications in the regulation of cryptocurrencies.
Such regulatory changes could lead to increased uncertainty in the market. Bitcoin, which has recently seen a decline, might experience further volatility and contribute to more significant market liquidations.
This situation raises concerns about the future oversight and regulatory landscape of cryptocurrencies in the US, possibly affecting investor confidence and market stability.
