[Another member of the SEC announced his early resignation, and the Republicans will have a majority in the agency] Golden Finance reported that Jaime Lizarraga, a Democratic member of the five-member SEC committee, said he would step down more than two years early, and after the Trump administration takes office in January next year, the committee will only have two Republicans and one Democrat. Lizarraga is a former aide to former House Speaker Pelosi, who won a five-year term at the SEC in 2022; when announcing the decision, he mentioned his wife's poor health. The day before, SEC Chairman Gensler announced that he would leave the SEC on the day Trump plans to take office. With Lizarraga's departure, Republicans will outnumber Democrats in the agency from the first day of the new administration, which may enhance their ability to take a completely different path on policy issues such as regulating cryptocurrencies and pursuing enforcement cases.
