Four Meme Coins Exploding in 2023: Wall Street Pepe, Solaxy, Flockerz, Meme Index Gary Gensler, the former head of the Commodity Futures Trading Commission (CFTC) who has been a thorn in the side of the crypto industry for years, has finally resigned.
His departure marks the end of an era and the beginning of a new one, as the crypto industry now has a chance to reset its relationship with the government.
But while Gensler's resignation is certainly good news for the crypto industry as a whole, it's also worth noting that he has played a role in some of the industry's biggest successes.
For example, Gensler was instrumental in the approval of the first Bitcoin futures ETF, which opened the door for traditional investors to gain exposure to cryptocurrencies.
He also played a role in the development of the Digital Commodity Exchange Act, which would create a new regulatory framework for the crypto industry.
So, while Gensler's resignation is certainly a positive development, it's also important to give him credit for some of the industry's accomplishments during his tenure.
The crypto industry is now at a turning point, and it will be interesting to see how the government's approach to crypto evolves in the coming years.
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