SEC chair ‘on the way out’ following Trump’s election victory

Griffith University Adjunct Professor Liam Hennessy says SEC chairman Gary Gensler is “on the way out” and will be replaced with someone more in favour of digital assets. Crypto companies spent more than $200 million on the US election campaigns of Democrats and Republicans – more than the total money put forward by Elon Musk to help Donald Trump. “Part of what that brief will look like is clarifying the regulatory landscape for those digital assets companies, specifically what is and isn’t a financial product over in the US,” Mr Hennessy told Sky News Australia.