Following SEC Chair Gary Gensler's announcement of resignation upon Donald Trump's presidency, another Democrat on the Commission, Jaime Lizárraga, revealed his departure plans. Lizárraga, serving since 2022, cited his wife's illness as the reason for stepping down on January 17, 2025. With Gensler leaving on January 20, the SEC will lose a supporter of his crypto agenda. However, the impact is limited due to political party regulations at the SEC. President-elect Trump will need to appoint a Democrat to fill the vacant spot. The key question remains on Trump's choice for the SEC chair, crucial for shaping crypto regulation. Despite hopes for a pro-crypto environment, top contender Dan Gallagher withdrew from consideration. Other potential candidates include Brian Brooks, Hester Peirce, and Mark Uyeda. The decision on the new chair will significantly influence the SEC's stance on crypto issues. Read more AI-generated news on: https://app.chaingpt.org/news

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