Crypto Daily – The bane of the cryptocurrency industry’s existence, Gary Gensler, will step down as Chair of the US Securities and Exchange Commission (SEC). The market surged in response to news of Gensler’s upcoming departure, with (XRP) up nearly 26%, while (BTC) nears the vital $100,000 mark.
Gary Gensler, the 33rd Chairman of the US Securities and Exchange Commission (SEC), will resign on January 20, 2025 – the day of President-elect Donald Trump’s inauguration.
Gensler to Resign the Day of Trump’s Inauguration
The US Securities and Exchange Commission (SEC) announced that its 33rd Chair, Gary Gensler, will resign on January 20, 2025. Gensler, who chaired the securities regulator since April 2021, is set to resign on the day of President-elect Donald Trump’s inauguration.
The agency announced the news in a press release detailing Gensler’s accomplishments since stepping into the role in the aftermath of the GameStop (NYSE:) market events.
“He led the agency through a robust rulemaking agenda to enhance efficiency, resiliency, and integrity in the U.S. capital markets. He also oversaw high-impact enforcement cases to hold wrongdoers accountable and return billions to harmed investors,” the SEC said.
Mr Gensler confirmed the news on X (formerly Twitter).
On January 20, 2025 I will be stepping down as @SECGov Chair.A thread
