11 sources·Business

Gary Gensler Resigns as SEC Chair Ahead of Trump Inauguration

SEC Chair Gary Gensler will resign on January 20, enabling President-elect Trump to appoint his successor amid rising cryptocurrency values and regulatory tensions.

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Updated: Nov 21st, 2024, 6:34 PM ET

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Gary Gensler will step down from his role as SEC Chair on January 20, coinciding with President-elect Donald Trump's inauguration. Gensler's tenure, marked by aggressive oversight of cryptocurrencies, has been met with mixed responses, particularly from the crypto industry and Republican circles. Critics have accused him of overreach, while others praised his focus on investor protection and market integrity. With Bitcoin soaring in value, Trump is expected to appoint a more industry-friendly chair, reflecting his campaign strategy to fortify U.S. crypto engagement. Gensler’s departure opens a significant shift in SEC leadership and direction regarding cryptocurrency regulation.

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Gary Gensler Resigns as SEC Chair Ahead of Trump Inauguration - Pano News