US Securities and Exchange Commission (SEC) Chair Gary Gensler is set to resign from the agency on January 20, 2025. Gensler announced his departure in a press release on November 21, just weeks after the US elections that saw Donald Trump win. Gensler’s exit was largely expected, as Trump had promised to fire the “vastly unpopular and highly-criticised SEC chair” on his first day in office.
Gensler’s tenure at the SEC was marked by his regulation-by-enforcement approach, which saw multiple cases filed against top crypto companies, such as Coinbase, Binance, and Kraken. Gensler also continued the lawsuit his predecessor filed against Ripple, which the regulator ultimately lost. Gensler’s departure has led to a spike in the prices of several cryptocurrencies, including Solana and XRP.
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<p>The post Gary Gensler Announces Resignation as SEC Chair: Cryptocurrencies Surge Amid the News first appeared on CoinBuzzFeed.</p>
