【After Trump's Return to the White House, the SEC's Five-Member Commission May Have Only One Democrat】According to Golden Finance, Bloomberg reports that SEC Commissioner Jaime Lizarraga, who previously served as a congressional aide, has been helping to push for corporate reporting requirements on climate risks and data breaches while regulating Wall Street. He plans to resign on January 17. The day before Lizarraga announced this decision, SEC Chairman Gary Gensler stated that he intends to leave on January 20. Bloomberg reports that after the election of President Donald Trump returning to the White House, Caroline Crenshaw will become the only Democrat on the SEC's five-member commission, serving alongside Republicans Hester Peirce and Mark Uyeda. Note: The U.S. Securities and Exchange Commission (SEC) has five commissioners (the core decision-making body) because commissioners are appointed by the president with the consent of the Senate, and members of the same political party cannot exceed three. The five-member setup is designed to balance the demands of different stakeholders, including investors, issuers, exchanges, and others. A smaller commission can improve decision-making efficiency and avoid lengthy discussions.
