US gov’t points to Gary Wang’s ’outstanding cooperation’ in FTX case  

President-elect Trump has vowed to fire SEC Chairman Gary Gensler and replace him with a more crypto-friendly SEC head. 

The proposed legislation would allow the State of Pennsylvania’s Treasurer to invest up to 10% of its funds in Bitcoin, suggesting a multibillion-dollar investment.

Gary Gensler did not say he would leave the SEC before Donald Trump took office but pointed to the commission’s record on crypto enforcement and approving ETFs.