Gary Gensler To Step Down As SEC Chair On Trump's Inauguration Day

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has announced his resignation, effective January 20, 2025, coinciding with the inauguration of President-elect Donald Trump.

Gensler’s tenure has been marked by a stringent regulatory approach toward the cryptocurrencies, drawing criticism from the industry.

What Happened: "I thank President Biden for entrusting me with this incredible responsibility. The SEC has met our mission and enforced the law without fear or favor,” Gensler said in a press release on Thursday.

Appointed on Apr. 17 2021, Gensler brought extensive experience from his previous role as chair of the Commodity ...

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