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Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), is set to step down from his position on January 20. This information was reported by CNBC Crypto World. During his tenure, Gensler expressed concerns about the cryptocurrency industry, stating that it is 'rife with fraud, abuse, and misconduct.' His departure coincides with the anticipated return of former President Trump to office, though it is unclear if this timing is related.

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