Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC) ⚖️, has announced his decision to step down from his position 🛑, after facing increasing pressure 🔥. According to an official statement 📜, his resignation will take effect on January 20 🗓️, concluding his three-year term ⏳ at the helm of the agency 🏢.
Gensler took up the position in April 2021 📆 after being nominated by President Joe Biden 🇺🇸, succeeding Jay Clayton 🧑⚖️. During his tenure, he was known for his tough stance 🚫 on the cryptocurrency market 💻🪙, making him a controversial figure 😠 in the sector. With Donald Trump winning a second presidential term 🏛️, Gensler's resignation 🕵️♂️ was expected, which he confirmed by announcing his decision today 📢.