[Lunch Briefing] SEC Chairman Gensler Voluntarily Resigns… Bitcoin Breaks $100,000 in the Spot

Major virtual assets are on the rise. As of 12:50 pm on the 22nd, based on Bithumb, BTC rose 1.42% from the previous day to 13,789,300 won. ETH rose 0.28% to 4,691,000 won, SOL rose 4.12% to 3,668,000 won, BNB rose 1.43% to 8,875,000 won, and XRP rose 22.21% to 1,926 won. The international market is also on the rise. At the same time, on CoinMarketCap, BTC recorded $98,727.60, up 3.18% from the previous day. ETH rose 8.99% to $3,358.68, SOL rose 10.88% to $261.94, BNB rose 5.21% to $634.60, and XRP rose 24.87% to $1.38. The total market capitalization of virtual assets increased by 2.17% from the previous day to about $3.29 trillion (460.513 trillion won). The Crypto Fear and Greed Index of Alternative.me, a virtual asset data company, rose 12 points from the previous day to 94 points, indicating 'extreme greed'. Gary Gensler, the chairman of the SEC, will resign. According to CoinTelegraph on the 21st (local time), Gensler, the chairman of the SEC, has decided to step down on January 20, 2025, when Donald Trump, the president-elect of the United States, begins his term. Gensler said, "It has been an honor to serve the American people and maintain the US capital markets as the best in the world." During the presidential election, the president-elect Trump repeatedly promised to dismiss Gensler as the SEC chairman. The US president cannot directly dismiss the SEC chairman, but can pressure him to resign or not reappoint him at the end of his term. The president-elect Trump has not yet nominated a successor. Candidates for the next SEC chairman include Mark Uyeda, a SEC senator, Gudi Gyen, a blockchain expert lawyer, and Robert Stebbins, a former SEC general counsel. During his tenure, Chairman Gensler implemented more than 100 regulatory measures against the industry, strongly regulating virtual assets. He served as the chairman of the US Commodity Futures Trading Commission (CFTC) from 2009 to 2014 before being appointed as the SEC chairman in 2021.