Gary Gensler announces resignation as SEC chair effective January 2025

Gary Gensler, Chair of the Securities and Exchange Commission (SEC), will resign on January 20, 2025. President-elect Donald Trump will choose his successor. Gensler has led the SEC since 2021, focusing on various regulatory issues, including cryptocurrencies. Gensler's decision to resign comes before the end of his five-year term, which could have lasted until 2026. He expressed pride in serving the SEC and its mission to protect investors and maintain effective markets. His net worth is reported to be between $50 million and $120 million, significantly higher than previous estimates. Gensler's financial disclosures show substantial investments and property holdings.