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Crypto Market Seems to Like the Idea of SEC Chairman Gensler

The cryptocurrency market hit a $1.7 trillion market cap as the Senate Banking Committee gave its endorsement of Gary Gensler, President Joe Biden’s nominee to head the Securities and Exchange Commission. So reports Finance Magnates.

Gary GenslerSimilarly, the crypto market responded favorably in January when Gensler was initially nominated for the job. “Gensler is known for his soft stance on cryptocurrency assets. Earlier this month, Gensler said that he will work to promote innovation,” according to the article.

Read the full article from Finance Magnates.

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