SEC Chairman Gary Gensler announced that he will resign on January 20. Gary Gensler stated: "The SEC is an extraordinary agency. Its staff and commissioners are mission-driven, focused on protecting investors, fostering capital formation, and ensuring that markets serve investors and issuers. Its staff are true public servants, and it has been my honor in my lifetime to represent ordinary Americans and ensure that our capital markets remain world-leading. I thank President Biden for entrusting me with this significant responsibility. The SEC has fulfilled our mission and executed the law without fear."