Gary Gensler, the former chair of the U.S. Securities and Exchange Commission, has officially lost his gray government checkmark on the X social media network.
This marks the end of the agency’s Gensler era, which tends to be associated with a crackdown on the broader cryptocurrency industry.
The cryptocurrency community celebrated the symbolic removal of the checkmark as the start of a new chapter for cryptocurrency regulations in the U.S.
After billionaire Elon Musk took over the social media network and rebranded it to X, it started applying multiple visual identity signals beyond the original blue checkmarks.
It introduced gold checkmarks for verified organizations as well as grey checkmarks for accounts representing
In one of his latest posts, Gensler stated that it was “the privilege of a lifetime” for him to work as the head of the SEC.
As reported by U.Today, Republican SEC Commissioner Mark Uyeda was recently appointed as the agency’s new acting chair. Uyeda is known as a vocal critic of the anti-crypto policies enacted by the previous administration.
Former SEC Commissioner Paul Atkins is expected to take the helm of the SEC in the near future once he gets confirmed by the Senate.
Read the full article here
