The S.E.C.’s Chief Is Worried About A.I.
New York TimesJUL 2023
SEC Chair Gensler to Step Down After Trump Inauguration
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The Spin
Democratic narrative
Clearly the crypto industry, which contributed heavily to Trump and Congressional Republicans' campaigns, is calling the shots now. Gensler fought the good fight to bring transparency to markets, as well as set standards for climate disclosures and cyber security. But, unfortunately, the next administration isn't interested in regulations that will protect average Americans and the economy.
Republican narrative
One way or another, Trump was going to replace Gensler with someone who knows how to get the financial industry, including the crypto markets, booming. So Gensler has made the future president's job easier. Gensler was always overreaching with his climate regulations and investigations and was another failed part of the outgoing Biden administration.
Metaculus Prediction
There's a 95% chance that 1 bitcoin will be worth $100K or more before Jan. 1, 2025, according to the Metaculus prediction community.