#BinanceNews
Gary Gensler, chairman of the United States Securities and Exchange Commission (SEC), has announced that he will leave his position on January 20, 2025, coinciding with the inauguration of elected president Donald Trump.
Gensler took over as chairman of the SEC on April 17, 2021, following the events related to GameStop, and has led a regulatory agenda focused on improving the efficiency, resilience, and integrity of U.S. capital markets.
During his tenure, the SEC adopted significant reforms in the Treasury and equity markets, including promoting central clearing and reducing the settlement cycle to one day.
Gensler's departure has been well received by sectors of the cryptocurrency industry, which anticipate more favorable regulation under the new administration.
Elected President Trump is expected to appoint a successor with a more open stance toward crypto assets, which could influence the future of financial regulation in the United States.
With a better outlook for cryptocurrencies
