SEC Chair Gary Gensler to resign on day of Trump inauguration
qz.com —
SEC Chair Gary Gensler will resign on January 20, 2025, coinciding with Donald Trump's inauguration. Gensler's term was set to end in 2026, but he will step down as new administrations typically bring leadership changes. Gensler's tenure included strict oversight of the cryptocurrency industry, resulting in over 100 cases against major players like Coinbase and Binance. His actions have drawn criticism from the crypto lobby, which Trump has pledged to support. Trump's administration will have several candidates to replace Gensler, including current SEC commissioners and former officials with ties to the crypto industry. The next chair is expected to align with Trump's vision for cryptocurrency regulation.