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SEC CHIEF GARY GENSLER URGED TO STEP DOWN AFTER TRUMP WIN

The American Securities Association has called for SEC Chair Gary Gensler’s immediate resignation following Trump’s election.

ASA President Chris Iacovella said Gensler should respect the "new direction" Americans voted for by stepping down, citing a need to restore trust in the SEC.

The statement comes as Trump has pledged to replace Gensler, a critic of the crypto industry, but lacks the direct authority to remove him without cause.

Source: The Hill