CoinVoice has recently learned that Jaime Lizárraga, one of the three Democratic commissioners of the U.S. Securities and Exchange Commission (SEC), has informed President Joe Biden of his resignation plans and intends to leave the agency early next year. Lizárraga stated that he is resigning to spend more time with his family.
The day before Lizárraga announced his resignation, SEC Chairman Gary Gensler also planned to step down in January. This means that Commissioner Caroline Crenshaw will become the only Democrat leading the SEC. Gensler noted that he and Lizárraga have worked together not only at the SEC but also at the U.S. Treasury after the 2008 financial crisis. [Original link]