Analyst Says Gensler Exit Hurt Crypto Trust, Warns Powell Could Too

🔍 Benjamin Cowen attributes the decline in crypto trust and Bitcoin's drop from $109,000 to $75,000 to Gary Gensler's departure from the SEC, which he believes led to a lack of accountability for bad actors in the market.

📉 Cowen warns that a similar loss of credibility could occur in traditional markets following Jerome Powell's expected exit from the Federal Reserve, as many are prematurely celebrating this change.

⚡ Turkish commentator Cihan0x.ETH highlights that anticipated rate cuts are now pushed back to 2027 due to persistent energy-driven inflation, complicating the economic landscape regardless of who leads the Fed.