The president of the SEC, Gary Gensler, will step down as Trump signals a pro-cryptocurrency agenda
The chairman of the U.S. Securities and Exchange Commission, Gary Gensler, is stepping down after years of leading efforts to regulate the cryptocurrency industry.
Gensler plans to leave the agency on January 20, 2025, according to a statement released by the agency on Thursday. Gensler said it was a "lifelong honor" to work with his SEC colleagues.
“I thank President Biden for entrusting me with this incredible responsibility. The SEC has fulfilled our mission and enforced the law without fear or favor. I have greatly enjoyed working with my fellow commissioners, Allison Herren Lee, Elad Roisman, Hester Peirce, Caroline Crenshaw, Mark Uyeda, and Jaime Lizárraga,” Gensler said in the statement. “I also thank Congress, my colleagues across the U.S. government, and other regulators around the world.”