TechFlow news: 10x Research stated that with Joe Biden withdrawing from the U.S. presidential race, there currently appears to be no strong candidate capable of seriously challenging Donald Trump.
The outcome of the November election seems predetermined even before any votes are cast. For Bitcoin, this implies a crypto-supportive administration will move into the White House. Historical precedent suggests that when a new administration takes office, the SEC chair typically resigns. Although current SEC Chair Gensler's term is set to end on June 5, 2026, he is highly likely to step down in January or February 2025 Beijing time.
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