Gary Gensler announced he will resign in January 2024

Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), is expected to resign in early January 2024, after Thanksgiving. This information comes from several industry sources, including interviews with reporters at Fox Business, indicating that Gensler will announce his decision after this festival. He has made recent statements that many consider a farewell message and a reflection on his tenure at the SEC.

Gensler's resignation comes amid significant criticism regarding how he has handled regulations for the cryptocurrency industry, although he has made some progress, such as the approval of Bitcoin exchange-traded funds (ETFs). This also raises questions about who will succeed him, with names like Dan Gallagher and Bob Stebbins being mentioned. The change in leadership could affect the SEC's policies toward cryptocurrency in the future, especially the lawsuit against Ripple (XRP).