In this article: SEC Chairman Gary Gensler is expected to step down after Thanksgiving, which is scheduled for 2025, before Trump's May 1 inauguration.
Contrary to expectations, candidates being considered include Dan Gallagher, #Bob Stebbins, Paul Atkins and Brad Bondi.
Under Trump, candidates should also be experienced in managing the SEC's broader responsibilities, public companies, stock and bond markets, private funds and consolidated audit reports (CAT).
Gary Gensler stepped down as SEC chairman, leaving a legacy of significant reforms to the powerful agency. At the same time, Trump plans to expand the CFTC's role in regulating #cryptocurrencies . Candidates should be well prepared.
Gary Gensler will step down as SEC chairman after Thanksgiving and will choose not to make a final decision until the end of his term, which expires in 2026, ending a tenure marked by strict regulation of cryptocurrencies. His resignation is expected to take effect in early 2025, 1 month before Donald Trump's inauguration.
Republican SEC commissioner criticized Gary Gensler for climate regulations, saying: "We're not the SEC.
During his tenure, Gensler implemented important market structural reforms, including shortening the equity settlement cycle and creating an ESG task force, but was subsequently dissolved.
Gensler's tenure as SEC chairman was controversial, especially because of his heavy-handed approach to regulating cryptocurrencies. Many in the industry felt his policies were too heavy-handed and hindered innovation.
After his resignation, the Trump administration plans to appoint executives to support cryptocurrencies and innovation, which could create a more favorable environment for the industry.
who could replace him? According to fox business producer Eleanor Telet,
Dan Gallagher: former SEC commissioner and current head of Robin Hood.
Bob Stebbins: Former General Counsel of the SEC, who was supported by former SEC Chairman Jay Clayton.
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