Joe Biden withdraws, SEC Chairman Gary Gensler may resign

Markus Thielen, the founder of 10x Research, predicts that Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), may resign within two months before President Joe Biden's term ends in 2025. In a market report on July 21st, Thielen stated that SEC chairmen usually resign when a new government takes office at the White House and added that Trump's involvement would be disastrous for Gensler's role as head of the agency.