🤡 The current U.S. SEC system called the “Crypto Grim Reaper” will be powdered by the “two characters”!
(The current US SEC regime, dubbed the ‘crypto grim reaper’, will be smashed by two figures!)

SEC Chairman Gary Gensler, who has reigned as an axis of evil throughout Biden’s administration in the coin market and industry, said last week that he would step down on Jan. 20, 2025. With Trump’s reelection success, his resignation (or dismissal) itself was no surprise, as the regime was set to change

Nevertheless, the prices of some coins, including XRP, which has been bent on the news of his resignation, have soared. However, there is something more important than the short-term surge in the prices of some coins: the words and actions of “Trump” and “Musk.”

Last week, when Gensler posted a post saying he was resigning as chairman of the SEC, Musk asked, “Is it true that SEC only works in the office one day a month?” Musk’s question may be simply different if you look at it without knowing, but if you look at it, it has a huge implication

Since the 2010s, Musk has been angling with the SEC whenever he has time. For example, in 2018, he resigned from the chairman of Tesla’s board of directors after paying a fine after being investigated by the SEC for illegal fundraising, and in 2022, he was under intense investigation for disclosure of stock purchases before acquiring Twitter. To Musk, who is nervous about short selling, the SEC would have been seen as an institution that protects short selling forces

Now, Musk has gone beyond being a “king maker” and has been appointed head of the Department of Government Of Gov’t Efficiency with Trump’s active support. Although Musk is unlikely to tighten the SEC by private sentiments, the SEC will be on the list for his plan to drastically reduce the number of federal officials and build an agency that spends money on useless things

In addition, Trump, who is supporting Musk, has also launched NFT collections of his own several times, his family is working on a DeFi project, and Trump Media Group is considering acquiring the Bakkt exchange. Beyond pro-crypto, he already has a huge cryptocurrency business, and the cryptocurrency market and industry are very clear what will happen in his term

In fact, the mid- to long-term fluctuation cycle of the coin market, which arrives every four years, has been repeated as if someone had written the script, and it seems to be repeated again this time, so I feel uncomfortable because it is so obvious. Even if Black Swan appears and breaks this obviousness, it takes time for the opposing benefits to build the Babel Tower, so I think we can enjoy the crazy coin flame rally for the next year

In conclusion, the short-term market cheer following the “Gensler resignation effect” may be just the beginning compared to the upcoming fiery rally. As long as there is “King Maker Musk,” who even names the Ministry of Government Efficiency as “DOGE,” and “current President Trump,” who is already doing business in cryptocurrency, the rise of the coin market will follow