SEC Chair Gensler resigns on Jan 20, 2025, ending his tough stance on crypto regulation. Trump plans to replace him due to concerns over stifling innovation.
Securities and Exchange Commission Chair Gary Gensler announced Thursday that he will resign Jan. 20, 2025, coinciding with the inauguration of President-elect Donald Trump.
Gensler’s tenure has been marked by a stringent regulatory approach toward cryptocurrencies, drawing criticism from the industry.
What Happened: “I thank President Biden for entrusting me with this incredible responsibility. The SEC has met our mission and enforced the law without fear or favor,” Gensler said in a press release on Thursday.
Appointed on …
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