SEC Chair Gary Gensler will step down Jan. 20, make way for Trump replacement

SEC Chair Gary Gensler will resign on Jan. 20, paving the way for President-elect Donald Trump to choose a replacement. Gensler led the commission since 2021, implementing a bold regulatory approach, especially towards cryptocurrencies. The expectation is for Trump to select a new chair more favorable to Wall Street and crypto, with Gensler acknowledging the honor of serving the SEC mission in a press release.

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