US Securities and Exchange Commission (SEC) Chair Gary Gensler will step down on January 20, 2025.
Crypto advocates view Gensler's departure as a potential positive change in the regulatory landscape for digital assets in the US.
Gensler's tenure has been marked by increased scrutiny and regulatory actions against the crypto sector.
Speculation has begun regarding potential candidates for the next SEC chair, with hopes for a more supportive regulatory framework for cryptocurrencies.