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Megacity Financial Wire: Gensler Gone – A Win for the People, but Who’s Pulling the Strings Next?

You know we love #bitcoin we know Gary pretended to be a crypto teacher at MIT but ended up being a vessel for insider trading and Sam Frieds Parents. The Puppet has fallen, but the stage is still se

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ME

Megacity

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Published on

11/21/2024

You know we love #bitcoin we know Gary pretended to be a crypto teacher at MIT but ended up being a vessel for insider trading and Sam Frieds Parents.

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The Puppet has fallen, but the stage is still set…

Gary Gensler, the embattled chair of the U.S. Securities and Exchange Commission, will officially step down on Inauguration Day. His tenure, defined by aggressive regulation and selective enforcement, leaves behind a legacy of shielding the powerful while stifling the everyday investor.

Why it matters:
Under Gensler, insider trading by politicians flourished unchecked, while ordinary citizens were boxed out of opportunities in emerging markets like cryptocurrency. His SEC took a combative stance against retail innovations but offered little resistance to the entrenched powers of Wall Street.

What’s next:
The departure of Gensler might signal relief for those seeking fairer market access, but his exit also raises a pressing question: Who’s next in line to hold the puppet strings? With the White House poised to install new leadership, the next SEC chair will inherit a stage still dominated by the interests of the elite.

The takeaway:
For now, Gensler’s exit feels like a win for the people. But in the sprawling corporate machinery of Megacity, the faces change, the power games remain, and the strings are rarely cut.

Meanwhile today in Manhattan
NYC Prosecutor gets robbed by an Illegal Migrant who’s been arrested 6 times.
🤔

#machinestates #crypto

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