Gary Gensler will leave his post for the 2025/120 season, according to a statement released by the agency on Thursday.
While at the SEC, Gensler led efforts to promote centralized clearing in the Treasury market, changing executive compensation systems based on performance and continuing to work to protect investors in the #cryptocurrency market.
Gary Gensler, chairman of the U. S. Securities and Exchange Commission, has left his post after years of working to curb the cryptocurrency industry.
Gensler is expected to leave his post in 2025/120, according to a statement released by the agency on Thursday. Gensler said it has been an honor of a lifetime to work with his colleagues at the SEC.
I thank President Biden for giving me this wonderful responsibility, he said. The SEC is fulfilling its mission and enforcing the law without fear or favor. I truly enjoy working with colleagues like Alison Helen Lee, Elad Roisman, Esther Pierce, Caroline Crenshaw, Mark Ouida and Jamie Rizalaga, Gensler said in a statement. I also thank Congress, my colleagues in the U. S. government, and fellow regulators around the world.
During his tenure at the SEC, which runs from 2021-2024, Gensler led efforts to promote centralized liquidation in the Treasury market, making changes to executive pay-to-performance ratios and continuing to work to protect investors in the cryptocurrency market.
Gensler became a villain to some in the cryptocurrency industry following law enforcement actions against key players in the cryptocurrency market. The court then agreed with the Investor Protection Board and rejected all arguments that the SEC could not enforce the law in the offering of securities, regardless of their form.
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