Gary Gensler steps down as chair of Securities and Exchange Commission (SEC)

. . ahead of the change in administration. Gensler was responsible for 46 enforcement actions against cryptocurrency operations in the past year. The Commission's work led to the successful convictions of Sam Bankman-Fried and Chanpeng Zhao for fraudulent activity. He previously described cryptocurrency as an industry "rife with fraud and hucksters and grifters".

Kristin Smith, Chief Executive of the Blockchain Association said "Gary Gensler is going to go and everyone in the crypto community is incredibly excited".

Be afraid. Be sceptical and vigilant. And keep your money securely within your (non-electronic) wallet.