Farcaster

Gary Gensler, the head of the US Securities and Exchange Commission (SEC), is stepping down. Gensler, who has been holding this position since 2021 with the proposal of Joe Biden, announced that he will step down on January 20, 2025 after three years as head of this organization. During his presidency, Gensler was known for his opposition to the digital currency market and a law-by-enforcement approach. Among his actions during this time were long-running cases against Ripple (XRP) and other companies in the field.

Thanks for sharing your useful information

The reason for our losses is in their Ripple currency.