PANews, November 23 - According to The Block, Jaime Lizárraga, one of the three Democratic commissioners of the U.S. SEC, plans to resign early next year. He has informed President Joe Biden of his intention to leave by the end of January. Jaime Lizárraga stated that his resignation is to spend more time with his family. Just a day before Lizárraga announced his resignation, SEC Chairman Gary Gensler indicated that he plans to resign in January. This means Commissioner Caroline Crenshaw will become the only Democrat leading the U.S. Securities and Exchange Commission. Gensler mentioned that both he and Lizárraga not only worked together at the SEC but also at the U.S. Treasury after the 2008 financial crisis.